TSEM1403 | Introduction to trusts/introduction to trusts: new trusts/Trusts Registration Service: information required

The Trusts Register requires the lead trustee to provide general information on the trust.

This includes the trust name; the date on which it was established; a statement of accounts describing the trust assets and values; the country where the trust is resident for tax purposes; the place where it is administered; and a contact address.

In addition, the lead trustee will be required to provide information on the identities of the settlor/s; the other persons acting as trustees, if any; the protector, if any: the beneficiaries or class of beneficiaries; and all other persons identified in a document or instrument relating to the trust, including a letter of memorandum of wishes.

The TRS information required for an individual will include:

• name

• correspondence address and other contact details

• date of birth

• if UK resident, National Insurance (NI) number or address if no NINO available

• if not resident in the UK, correspondence address and passport or ID number with country of issue and expiry date.

The TRS information required for a company will include:

• name

• Unique Tax Reference Number, if the company has one

  or company address if the company does not have a UTR

If a trust has a class of beneficiaries, trustees will need to provide a description of the class of persons who are entitled to benefit from the trust. Where beneficiaries within the class can be identified, the details must be reported as indicated above.

See TRSM10000+