**HMRC Update** Trust Registration Service

HMRC has now updated its guidance on penalties for failure to comply with the legislation of the registration of trusts which had tax liability.

Now that the deadline of 5 March 2018 for the registration of trusts which had a tax liability in the 2016/17 tax year has passed, HMRC has now updated its guidance on penalties for failure to comply with the legislation.

If trusts are not registered or changes to client information updated by the relevant deadline and it cannot be shown to HMRC that reasonable steps were taken to try and register or update details then the penalties are as follows:

• £100 if submitted within 3 months of the deadline
• £200 if submitted between 3 and 6 months form the deadline