TRSM94010 - How to: contents: Maintain a trust: contents: Changing a trust from non-taxable to taxable

This guidance provides information on how to change a trust from non-taxable to taxable using the Trust Registration Service.

The trustee or agent must notify HMRC if the trust was initially registered as a non-taxable trust and received a Unique Reference Number (UTRN), and it has since become taxable or needs to submit tax returns and requires a Unique Taxpayer Reference (UTR).

A trustee must claim the trust before changing a trust from non-taxable to taxable if they did not initially register the trust online and have not updated the trust바카라 사이트™s details online since it was registered. See TRSM92010 for information on how to claim a trust.

A trustee can change a trust from non-taxable to taxable by completing the following steps:

1. Go to /guidance/manage-your-trusts-registration-service

Alternatively, go to www.gov.uk and search 바카라 사이트˜Manage your trust바카라 사이트™s details바카라 사이트™.

2. Read the guidance on the page about changing the trust from non-taxable to taxable.

3. Select the green 바카라 사이트˜Start now바카라 사이트™ button to access the 바카라 사이트˜Sign in using 바카라 사이트 Gateway바카라 사이트™ page. The green 바카라 사이트˜Start now바카라 사이트™ button can be found in the 바카라 사이트˜Using the online service바카라 사이트™ section of the guidance near the bottom of the page.

4. Enter the trust바카라 사이트™s 바카라 사이트 Gateway user ID and password and select 바카라 사이트˜Sign in바카라 사이트™.

5. Confirm if an agent is managing the trust바카라 사이트™s online register for the trustees by answering 바카라 사이트˜Yes바카라 사이트™ or 바카라 사이트˜No바카라 사이트™ and then select 바카라 사이트˜Continue바카라 사이트™.

6. Answer the security questions shown on screen.

The answers the trustee gives must match the information provided when the trust was registered or last updated online. This includes any spaces between or after words.

7. Check that the information has been entered correctly and select 바카라 사이트˜Submit바카라 사이트™. The trustee will be notified on screen if they have successfully answered the security questions.

8. Read the information on screen and select 바카라 사이트˜Start maintaining this trust바카라 사이트™.

9. Confirm if the trustee wants to view the trust바카라 사이트™s last declaration by answering 바카라 사이트˜Yes바카라 사이트™ or 바카라 사이트˜No바카라 사이트™ and then select 바카라 사이트˜Continue바카라 사이트™. If the trustee selects 바카라 사이트˜No바카라 사이트™ they should follow the next step.

10. Select 바카라 사이트˜Tell HMRC if the trust needs to pay tax바카라 사이트™ when the trustee is asked what they want to do next and then 바카라 사이트˜Continue바카라 사이트™.

11. Confirm if the trust needs to pay tax by answering 바카라 사이트˜Yes바카라 사이트™ or 바카라 사이트˜No바카라 사이트™. The trustee should answer 바카라 사이트˜Yes바카라 사이트™ if the trust needs to pay tax or submit tax returns.

12. Read the information on the page before continuing.

The trustee will need to confirm if the trust:

  • is registered in the UK
  • owns land or property in the UK
  • has needed to pay tax in the last four years

The trustee will also need to enter details about any assets the trust owns, such as:

  • money
  • property or land
  • shares
  • business
  • partnerships
  • any other assets

13. Enter all the required information and then select 바카라 사이트˜Save and continue바카라 사이트™.

14. Complete the declaration and then select 바카라 사이트˜Confirm and send바카라 사이트™. A declaration reference will then be shown on screen.

After the trust has been updated from non-taxable to taxable online, the trust will be allocated a 10-digit UTR. The lead trustee will receive confirmation of the UTR by post within 15 working days. It may take longer if the lead trustee바카라 사이트™s address is outside the UK. For more information about getting the trust바카라 사이트™s reference number see TRSM91020.Â