HM Revenue & Customs (HMRC) has introduced a new trust registration service as part of its work to comply with anti-money laundering rules.
Here, Technical Connection joint managing director Tony Wickenden talks through the implications for financial services related trusts.
He explains the kinds of trusts and some different scenarios which are captured by the registration requirement, and those which aren't.
Tony also discusses how the trust registration service impacts protection plans, trusts holding collective investments and pension arrangements.
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