From 1 September, all UK and non-UK trusts with a liability to UK taxation arising from UK income or UK assets are required to register on the trust registration service. The compulsory registration requirement was originally scheduled to come into force on 1 January this year but was delayed as one of the consequences of the pandemic.

Even if there is no tax liability, the register now includes express trusts, which are created by a written deed.

Once registered initially, any changes to trusts must be notified within 90 days and there will be a requirement for an annual confirmation that details are correct.