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Pocketmags Digital Magazines
Pocketmags Digital Magazines

HMRC probes trusts used for tax planning

HM Revenue & Customs has kickstarted a beneficial ownership register targeting those who set up trusts to “generate tax consequences”.

The trusts register, which will sit alongside the UK’s existing company beneficial ownership register, has set deadlines for trustees to register new express trusts by 5 Oct ’17 and existing trusts by 31 Jan ’18.

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