Trustee Support Services Ltd

11/11/2022

HMRC adds 2 factor authentication to government gateway accounts
Table of Contents

It seems that, at the start of October 2022, HMRC has added 2 factor authentication to government gateway accounts. When logging into to a government gateway account, for example to review or notify changes to details of a trust held on the Trust Register or to change the details used to set up the government gateway account, you may be asked for a 6 letter or digit access code.

By default, these access codes are sent to the option selected when the government gateway account was set up, so, by text to a UK or international mobile number, by voice to a UK phone number or via an authenticator app.

It is worth remembering that, where the government gateway account was set up to register a trust on the Trust Registration Service (TRS), that account is unique to that trust and the Trust Register for that trust cannot be accessed via any other account. It also means that where multiple trusts have been established by a settlor, each registered trust will have its own unique government gateway account and the trustees will have to administer each trust separately on the Trust Register.

09/09/2022

As part of the implications from the EU’s Fifth Money Laundering Directive (5MLD) and the accompanying legislation introduced into UK law (despite Brexit), HMRC set a deadline of 1 September 2022 for UK express trusts to be registered on the Trust Registration Service (TRS).

From 2017 to 6 October 2020, only trusts that had incurred a UK tax liability (taxable trusts) had been required to be registered on the TRS. The new rules extended the requirement to be registered to most non-taxable trusts unless they qualify as excluded trusts.

That deadline has now passed, so what are the implications for those who have registered and for those who have not?

Read more:

The trust registration deadline of 1 September 2022 has passed, what happens next and what actions should trustees be taking? Trusts must still be registered!

15/08/2022

HMRC announces fines for non-registration of trusts on the Trust Registration Service Following legislation introduced on 6 October 2020, all express trusts (other than excluded trusts) now have to be registered on the Trust Registration Service (TRS) by the later of 1 September 2022 or 90 days from the date the trust was created.

https://www.trusteesupportservices.com/hmrc-announces-fines/

31/07/2022

6 weeks and counting to the trust registration deadline.

https://www.trusteesupportservices.com/trust-registration-deadline/

Trusts created after 3 June 2022 that require registration should be registered within 90 days of the date of the trust’s creation. Registration is the responsibility of the trustees but they may decide to appoint an agent to register their trust(s) on their behalf.

Trusts that qualify as excluded trusts are not required to register on the TRS but trustees may still decide that the trust is registered to meet their general duty to maintain accurate trust records.

23/07/2022

https://www.trusteesupportservices.com/what-is-the-trust-registration-service/

We have just published a Powerpoint document to assist you with making the right decisions with regards to HMRC's Trust Registration Service!

Download or read online!

What is the Trust Registration Service? Download your FREE powerpoint guide to the Trust Registration Service. We can help you register your trust today!

01/07/2022

There are now just 2 months left to register trusts on the Trust Registration Service before the deadline of 1 September 2022. We can register trusts on behalf of the trustees. Find out more at

Most trusts now need to be registered on HMRC's Trust Registration Service. Trustee Support Services Ltd can assist trustees with registering their trusts

29/06/2022

What happens if I don’t register a trust on the TRS?

Well, have a read of our blog post below...

https://www.trusteesupportservices.com/what-if-i-dont-register-a-trust/

15/06/2022

https://www.trusteesupportservices.com/3-months/

There are now 3 months to go before the 1 September 2022 deadline for trustees to register existing trusts on HMRC’s Trust Registration Service (TRS).

UK express trusts (generally, trusts created by a trust deed, declaration of trust, will or deed of variation) and some non-UK express trusts require to be registered on the TRS unless they qualify as an excluded trust. However, trustees of an excluded trust may also wish to consider voluntary registration on the TRS to fulfil their general record keeping duties. It should be noted that a trust that incurs a UK tax liability cannot qualify as an excluded trust (even if it previously qualified before the tax liability arose).

10/06/2022

There are now 3 months to go before the 1 September 2022 deadline for trustees to register existing trusts on HMRC’s Trust Registration Service (TRS).

https://www.trusteesupportservices.com/3-months/

There are now 3 months to go before the 1 September 2022 deadline for trustees to register existing trusts on HMRC's Trust Registration Service (TRS).

01/06/2022

Less than 4 months to go for registering a trust!

https://www.trusteesupportservices.com/less-than-4-months/

With less than 4 months to go to the deadline for registering a trust of 1 September 2022, trustees may need to take action now to avoid future problems

18/05/2022

Our FAQ page answers crucial questions about registering a trust and the new changes ahead.

Register a Trust FAQ. Get the answers to all your registering a trust with the HMRC questions. How to register a trust? We have the answers.

02/05/2022

May Day marked 4 months to go to the deadline for existing express trusts to register on the Trust Registration Service (TRS).

Trustees who fail to register their trusts (unless exempt from registration) by the deadline not only face potential penalties from HMRC but may also encounter difficulties when administering their trust.

From 1 September 2022, 'obliged entities', which include financial institutions and intermediaries must ask for proof of a trust's registration on the TRS (or exemption) when establishing a new business relationship with the trustees. It is also likely that some entities will look to 'gold plate' the rules and ask for proof of registration or exemption from existing business relationships.

Trustees of registered trusts can download a certificate as proof of registration from https://www.gov.uk/guidance/manage-your-trusts-registration-service

Trustee Support Services can assist trustees with registering their trusts - full details on our website at https://www.trusteesupportservices.com/

Anecdotal evidence suggests that only around 150,000 trusts have been registered on the TRS since 2017 meaning that several hundreds of thousands of trusts may require registration before 1 September 2022 if the trustees are to avoid potential penalties and administration problems.

We would advise trustees who have not registered their trusts yet to act sooner rather than later. The clock is ticking.....

Most trusts now need to be registered on HMRC's Trust Registration Service. Trustee Support Services Ltd can assist trustees with registering their trusts.