Making Tax Digital: legislation overview - CIOT comments

13 Nov 2017

The 31 January 2018 registration deadline, applies to trusts that have incurred a liability to UK tax and are either already SA registered or do not require SA registration. HMRC has not extended this deadline, although they have noted our comments about having a light touch approach to the penalties in the first year to allow the trust industry time to comply with the requirements.

HMRC‚ s letter confirming the above is attached below. Our original letter can be found in the submissions section of our website.

We will continue to work with members and HMRC regarding operation of the TRS, and if you have any comments please send them to technical [at] ciot.org.uk.

(09-11-2017)