Article Tag: sarah pull

Trust Registration Service (TRS) – Deadline Extension

Earlier in the year, we discussed the Trust Registration Service (TRS) and the additional regulations that came into force on 6th October 2020 as a result of the Fifth Money Laundering Directive (5MLD). Recently, HMRC has announced that a deadline extension for the TRS will be implemented. It will be a requirement to register all… Read more »

Tax Returns Deadline Extension Announced by HMRC

HMRC announces tax returns deadline extension

The HMRC have recently announced that  people required to file self-assessment tax returns will not receive a penalty if submitted late, provided that the tax return is filed online by the 28th February 2021. The deadline extension follows the realisation that many people required more time and were struggling to complete their tax returns by… Read more »

Trust Registration Service: New Regulations

man with a pen signing his expression of wish form

Trusts can affect individuals and families in a number of ways, often occurring where there are second marriages, for tax planning or for the protection of vulnerable beneficiaries. The role of Trustee and the position of Trusts can be daunting with various duties and regulations applying and new rules being implemented. What is the Trust… Read more »

GDPR for Trustees and Executors: How have they been affected?

We’re five months on from the implementation of GDPR (General Data Protection Regulation) and many people have been asking what effect the new data protection rules have had for those acting as Executors and Trustees, and is there anything they should be doing going forward? The effects of GDPR for Trustees and Executors: As part… Read more »

Residence Nil Rate Band: Has It Made A Difference?

Since April 2017, the Residence Nil Rate Band for inheritance tax has been available to claim. The new allowance was announced in 2015, and over the months that followed, many questions were asked about how exactly the new rules would work. So six months on from the date of introduction, what does this mean for… Read more »

Facebook legacy: what happens after death?

The importance of considering your digital legacy continues to grow as more and more individuals increase their online presence in both financial and personal aspects. Reflecting this, Facebook has recently introduced the option of appointing a ‘Legacy Contact’. This is someone who you nominate to look after your Facebook account after your death. Vanessa Callison-Burch,… Read more »