The Trust Registration Service update: What you need to know in practice

The Trust Registration Service (TRS) regulatory framework is complex and evolving, with frequent updates that you need to be aware of. Join us to explore events that trigger registration of trust structures with the TRS, how to manage a TRS record, and learn about the upcoming changes to TRS requirements in January 2026.

The Trust Registration Service (TRS) is a government-run online system in the UK where certain trusts and similar legal arrangements must register details about themselves and their beneficial owners. The service is managed by HM Revenue & Customs (HMRC).

As of 6 October 2020, most UK and some non-UK trusts must register, regardless of tax liability. Exceptions include certain trusts listed in Schedule 3A of the Money Laundering Regulations 2017, such as regulated pension schemes and certain life insurance policies.

Yes. Failure to register or update trust details can result in penalties up to £5,000.

Yes, significant changes to the UK Trust Registration Service (TRS) are expected to take effect in early 2026, following the government's consultation on improving the effectiveness of the Money Laundering Regulations.

An in-house solicitor talks animatedly at a forum.
An in-house solicitor talks animatedly at a forum.

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