Author: Scott Clayton

50th Anniversary Conference and Dinner   The lead up to the day After receiving favourable reviews from TACT members following the TACT Dinner last year, the TACT Council, decided to hold the 50th anniversary TACT Dinner at Kings Place.  As part of …

HMRC have issued three help cards to assist with three main areas of the TRS: Closing a trust (20240607 Closing a Trust); Updating a trust from a non-tax paying trust to a taxable trust (20240607 Updating Trust from NTP to TP); and …

It is with sadness that we report the death of Bill Stephenson. Bill was Secretary of the association for many years, before incorporation. He kept the management of the administrative matters of TACT in good order and organised the TACT annual dinner. …

HMRC have issued the following statement in relation to the registration of Non-Taxable Trusts: Registration We’re pleased to tell you that the Trust Registration Service is now open for non-taxable trust registrations. You should now register all UK express trusts and some …

Lord Hill’s landmark Listings Review made a series of recommendations to the government. The government has accepted Lord Hill’s recommendations and is committed to improving the prospectus regime inherited from the EU. HM Treasury have started this process by formal consultation. The UK …

HMRC have now published the Trust Registration Service Manual which gives guidance on the types of trusts that need to be registered, how to register trusts and comply with 4AMLD and 5AMLD. A copy of the Manual can be obtained online here. …

TACT ‐ The Association of Corporate Trustees is pleased to announce that Amicorp (UK) Limited was recently approved as a new Corporate Member. Amicorp is a boutique service provider with a dedicated network of international experts and specialists. Amicorp offers a wide …

Following the consultation “The Taxation of Trusts: A Review”, which concluded on 28 February 2019 and to which TACT submitted a response, the government have now published the summary of the responses (The full document can be seen here). After consideration of …

We are grateful to John Bunker and Robert McLean who represented TACT at a meeting of the TRS sub-group with HMRC on Thursday 11 March 2021. HMRC have announced a significant change to the TRS timetable. HMRC’s systems are not going to …

TACT has published a joint article from Ocorian and Stephenson & Harwood discussing the key implications of the Corporate Insolvency and Governance Act 2020 for corporate trustees following Royal Assent earlier this year. The Act is intended to facilitate increased protection for …