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X-WR-CALDESC:Events for The Lime Street Guide
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DTSTART:20220327T010000
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DTSTART;TZID=Europe/London:20220517T130000
DTEND;TZID=Europe/London:20220517T140000
DTSTAMP:20260525T223642
CREATED:20220330T153155Z
LAST-MODIFIED:20220330T153316Z
UID:76693-1652792400-1652796000@www.limestreetguide.com
SUMMARY:Trust Registration Service - challenges and opportunities for trustees and advisers
DESCRIPTION:In this IIL financial services webinar\, Barbara Gardener and Niki Patel talk about the challenge that is the extension of the HMRC Trust Registration Service (TRS) to almost all trusts\, regardless of any tax liabilities\, especially the trusts holding life insurance investment bonds\, which until now had little contact with HMRC. \nDescription\nMoney Laundering Regulations 2017 as amended in 2020 and 2022 now require almost all express trusts\, unless they are specifically excluded\, to register with HMRC using its online TRS. The deadline for existing trusts is 1 September 2022 and new trusts from 4 June 2022 will have 90 days to register. \n \nAlthough it is the responsibility of the trustees to register\, professional advisers are expected to assist with this task. It is therefore important to know which trusts have to register and how it is done. Given that investment bonds are frequently marketed as IHT plans involving trusts\, life offices have found themselves having to explain the TRS rules to their clients. In addition\, from 1 September 2022\, trustees of trusts which are required to register will not be able to enter into business relationships unless their trust is registered and checking this will be another part of due diligence. \nLearning objectives\n\nGet clarity on who\, what\, why and when needs to register on TRS\nUnderstand the latest TRS rules\nBe able to assist your trustee clients with their TRS obligations\n\nSpeakers\n\nBarbara Gardener\, Senior Consultant Tax and Trusts\, Technical Connection Ltd\nNiki Patel\, Tax and Trusts Specialist\, Technical Connection Ltd\n\n		\n\n							\n					Share this event with your colleagues:\n				 \n			\n			\n\n								\n		\n\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Facebook\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Twitter\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																LinkedIn\n									\n						\n\n											\n					\n									\n							\n\n					\n						\n						 \n					\n						\n							\n\n							\n																Email\n									\n						\n\n											\n					\n									\n			\n					\n		\n			\n		\n		Visit Event Website
URL:https://www.limestreetguide.com/event/trust-registration-service-challenges-opportunities/
LOCATION:Online
CATEGORIES:Online,Education & Training,CPD Certified
ATTACH;FMTTYPE=image/png:https://www.limestreetguide.com/wp-content/uploads/2017/09/logo-the-insurance-institute-of-london-e1539464378247.png
ORGANIZER;CN="The%20Insurance%20Institute%20of%20London%20%28IIL%29":MAILTO:Iil.london@cii.co.uk
GEO:51.533166;-0.130418
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