TRSM94020 - How to: contents: Maintain a trust: contents: Changing a trust from taxable to non-taxable

TRSM94020 - How to: contents: Maintain a trust: contents: Changing a trust from taxable to non- taxable

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

The trustee or agent must notify HMRC if the trust was initially registered as a taxable trust and is no longer taxable. This will mean that they no longer need to submit a tax return and will need to close their taxable registration on the Trust Registration Service and re-register as a non-taxable trust on the Trusts Registration Service.

Trusts that have ceased to be taxable and expected to remain non-taxable must re-register as a non-taxable trust by the 31 January following the year they cease to be taxable.

A trustee must close the taxable trust before re-registering as a non-taxable trust. See TRSM95000 for information on how to close a trust.

A trustee must change a trust from taxable to non-taxable by completing the following

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

Alternatively, go to www.gov.uk and search 바카라 사이트楳anage your trust바카라 사이트檚 details바카라 사이트�.

2. Read the guidance on the page about closing a trust.

3. Select the green 바카라 사이트楽tart now바카라 사이트� button to access the 바카라 사이트楽ign in using 바카라 사이트 Gateway바카라 사이트� page. The green 바카라 사이트楽tart now바카라 사이트� button can be found in the 바카라 사이트楿sing the online service바카라 사이트� section of the guidance near the bottom of the page.

4. Enter the trust바카라 사이트檚 바카라 사이트 Gateway user ID and password and select 바카라 사이트楽ign in바카라 사이트�.

5. Confirm if an agent is managing the trust바카라 사이트檚 online register for the trustees by answering 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트� and then select 바카라 사이트楥ontinue바카라 사이트�.

6. Answer the security questions shown on screen.

7. Check that the information has been entered correctly and select 바카라 사이트楽ubmit바카라 사이트�. The trustee will be notified on screen if they have successfully answered the trust바카라 사이트檚 security questions.

8. Read the information on screen and select 바카라 사이트楽tart maintaining this trust바카라 사이트�.

9. Confirm if the trustee wants to view the trust바카라 사이트檚 last declaration by answering 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트� and select 바카라 사이트楥ontinue바카라 사이트�.

Please ensure that all of the trust details are correct and up to date, as you will not be able to come back to a closed trust to amend any details. You can do this by selecting 바카라 사이트榤ake changes to the trust and declare바카라 사이트�

10. Select 바카라 사이트楥lose the trust and declare바카라 사이트� when asked what the trustee wants to do next, then select

11. Confirm if the trustee knows the date that the last asset in the trust was shared out by answering 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트�. It is also called the trust closed date or date of termination. This will be the date given on the final Trust and Estate (SA900) tax return or Self Assessment Online for trusts.

12. Enter the end date for the trust when prompted.

13. The trustee will then be advised on screen that they need to provide the most up to date information about the trust to HMRC. Read the information on screen then select 바카라 사이트楥ontinue바카라 사이트�.

14. Confirm if the details about the trust need updating before closing the trust by answering 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트� and then select 바카라 사이트楥ontinue바카라 사이트�.

The trustee will be presented will options to update if they select 바카라 사이트榊es바카라 사이트�.

15. Complete the declaration and then select 바카라 사이트楥onfirm and send바카라 사이트�

Your taxable trust registration is now completed and closed; you will now need to re-register your trust as a non바카라 사이트搕axable trust with a new government gateway ID.

You can use the steps below for how to register your trust or See TRSM91010 for information on how to register a trust.

Registering a trust as a trustee

A trustee can register a trust online by completing the following steps:

1.聽Select the following link /guidance/register-a-trust-as-a-trustee.

Alternatively, go to and search 바카라 사이트楻egister a trust as a trustee바카라 사이트�.

2.聽Read the guidance on the page. This page includes details on what information is required to register a trust. It may be useful to gather this information before continuing.

3.聽Select the green 바카라 사이트楻egister now바카라 사이트� button to access the 바카라 사이트楽ign in using 바카라 사이트 Gateway바카라 사이트� page. The green 바카라 사이트楻egister now바카라 사이트� button can be found in the 바카라 사이트楬ow to register바카라 사이트� section of the guidance.

4.聽Select 바카라 사이트楥reate sign in details바카라 사이트� to set up a new 바카라 사이트 Gateway account for the trust. This link is located below the green 바카라 사이트楽ign in바카라 사이트� button.

5.聽Follow the instructions on screen to get a 바카라 사이트 Gateway user ID for the trust. The trustee should make a note of the 바카라 사이트 Gateway user ID and store it securely. They will be asked to enter the trust바카라 사이트檚 user ID and password each time they sign in to the service.

Before the trustee receives the 바카라 사이트 Gateway user ID for the trust they will need to:

  • Enter their email address
  • Enter a code emailed to them by 바카라 사이트 Gateway to confirm their email address
  • Enter their full name
  • Create a password

6.聽Follow the instructions on screen to set up additional security for the account. An access code will be sent to the trustee each time they sign in to the service.

To set up additional security, the trustee will need to:

  • Confirm how they want to receive access codes (for example by text message, voice call)
  • Enter a mobile phone number if they have selected to receive access codes by text message. You can add an international phone number by selecting 바카라 사이트楴o바카라 사이트� to the question 바카라 사이트楢re you entering a UK phone number.바카라 사이트�
  • Enter the 6-digit access code sent from 60551 and select 바카라 사이트楥ontinue바카라 사이트�. The code will expire within 15 minutes.

7.聽Confirm if the trust has already been registered online. If the trustee is registering the trust for the first time, they should select 바카라 사이트楴o바카라 사이트�.

8.聽Confirm if the trust already has a Unique Taxpayer Reference (UTR) by selecting 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트�. A UTR is a 10-digit number. The trustee will be asked to enter the trust바카라 사이트檚 UTR if the trust has one.

9.聽Confirm if an express trust is being registered by selecting 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트�. An express trust is a trust created deliberately by a settlor, usually in the form of a document such as a written trust deed of trust. For more information, see TRSM22010.

10.聽Confirm if the trust has any tax liability for the current tax year by selecting 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트�. For more information, see Register a trust, who should register

11.聽Confirm if the trust has had any UK tax liability in the last four tax years by selecting 바카라 사이트榊es바카라 사이트� or 바카라 사이트楴o바카라 사이트�.

12.聽聽 Complete each section of the registration. All questions in each section should be answered to the best of the trustee바카라 사이트檚 knowledge. However ,mandatory questions must be updated within 90 days of your completed registration.

Mandatory questions

The following information is mandatory and you may receive a penalty if it is missing or out of date:

    1. For all people listed on the TRS
      1. Current first and Last name
      2. Month and year of birth
      3. Country of residence
      4. Nationality
    2. Trustees
      1. A correct lead trustee
      2. The current trustees only 바카라 사이트� this must be the same as your trust deed
      3. Current contact addresses where requested
    3. Beneficiaries
      1. The list of beneficiaries as set out in your trust deed
      2. All relevant classes of beneficiary i.e. all grandchildren of the settlor
    4. Any organisations listed on TRS
      1. The organisations name
      2. The organisations full address including country if requested

        Example

        Jeremy has decided to register his trust, he doesn바카라 사이트檛 have up to date information for the country of residence of some of the beneficiaries, so he answers NO to the question 바카라 사이트渄o you know the country of residence?바카라 사이트�. TRS will allow Jeremy to continue with his registration, but he must update this information within 90 days of the completion of the registration.

13.聽The trustee can save the registration to come back to later if they need to gather more information about the trust - see TRSM91030. The data will be stored for 28 days, after which you will need to start the registration process again.

14.聽Check the information entered after completing each section. Select 바카라 사이트楥hange바카라 사이트� to amend details or 바카라 사이트楽ave and continue바카라 사이트� if all the details are correct.

15.聽The registration progress screen will be displayed after completing each section. This will show the status of all sections of the registration, for example not started, in progress or completed.

16.聽Select 바카라 사이트楥ontinue to declaration바카라 사이트� once all the sections of the registration are complete. This is a green button at the bottom of the registration progress page.

17.聽The trustee should provide their full name before selecting 바카라 사이트楥onfirm and send바카라 사이트�.

18.聽Print or save a declared copy of the trust바카라 사이트檚 registration. Please note this document is not proof of registration.

This document is a summary of the answers provided by the trustee and includes the trust바카라 사이트檚 declaration reference at the top of the first page. The declaration reference is a 15-character reference which is in a similar format to XC TRN 000 000 0000. The trustee may be required to quote the trust바카라 사이트檚 declaration reference if they need to contact HMRC about the registration.

19.聽Follow any additional instructions shown on screen. For example, if the trust is non-taxable the trustee will be advised to sign out of the service and sign in again to view the trust바카라 사이트檚 Unique Reference Number.

To view the trust바카라 사이트檚 URN online after registering the trust, the trustee will need to sign out of the service, then sign back in again using the trust바카라 사이트檚 바카라 사이트 Gateway user ID and password.

If an agent has registered the trust on behalf of a trustee, HMRC will send the URN to the lead trustee by post within 15 working days. It may take longer if the lead trustee바카라 사이트檚 address is outside the UK.

Information for agents

Agents can access the Trust Registration Service (TRS) to register a trust via their agent services account.

To register a trust online an agent will need to: