How do I run the Register Trust on the Trust Registration Service (TRS) skill?

Copy the skill and paste it into your own Claude or ChatGPT, then provide your source data. FinchContext skills run inside your own AI assistant, so your financial data never leaves your control.

Which region does the Register Trust on the Trust Registration Service (TRS) skill cover?

United Kingdom. It targets the local tax authority / e-invoicing format described on this page.

Register Trust on the Trust Registration Service (TRS)

Q: What does the Register Trust on the Trust Registration Service (TRS) skill do?

Assemble a trust's particulars — trustees, settlor, beneficiaries and assets — into a Trust Registration Service (TRS) registration / update submission for HMRC's online service under the 5MLD beneficial-ownership rules — lead trustee declaration, NINO/UTR/CRN identifiers, taxable/non-taxable deadlines (5 Oct / 31 Jan or 90 days), with a worked example.

Skill: Assemble trust details into a TRS registration/update submission

Region: United Kingdom Category: Tax — Trusts Does: Takes a trust's particulars — trustees, settlor, beneficiaries and assets — and assembles the Trust Registration Service (TRS) registration / update submission for HMRC's online structured service, recording the beneficial-ownership information required under the Money Laundering Regulations. Spec: HMRC Trust Registration Service (TRS) — online / structured submission (5MLD beneficial-ownership register of trusts)

Registers UK express trusts and certain non-UK trusts, and keeps the register up to date. Element names below follow the TRS online form, not a verbatim schema.

When this applies

A UK express trust (and many non-UK trusts with UK links), whether or not it has a tax liability, must register under the 5MLD rules.
Taxable trusts: register by 5 October after the tax year of first liability (or 31 January SA deadline for some taxes).
Non-taxable trusts: register within 90 days of creation/becoming registrable; changes updated within 90 days.
Annual confirmation/declaration that the register is up to date where the trust is taxable.

Structure (trust details → TRS submission)

1. Trust details: name, date created, type, governing country, residence
2. Settlor(s): name, DOB, NINO/passport, nationality, address
3. Trustee(s): lead trustee (contact), all trustees; individuals or
   organisations (with UTR/CRN)
4. Beneficiaries: named individuals, classes, charities; nature of interest
5. Other parties: protector, other controlling persons
6. Assets (taxable trusts): asset types/values at registration
7. Tax details: trust UTR (taxable), tax liabilities (IT/CGT/IHT/SDLT)
8. Declaration by the lead trustee/agent

Data rules

Identifiers — trust UTR (taxable trusts) and individual NINO/passport for settlor/trustees/beneficiaries; organisation UTR/CRN.
Lead trustee — one nominated lead trustee acts as the main contact / makes the declaration.
GBP values — asset values to whole pounds at the registration date (taxable trusts).
Deadlines — taxable 5 October / 31 January as applicable; non-taxable and all changes within 90 days.
Maintenance — keep details current; respond to data-discrepancy reports from relying parties.

Worked example (outline)

The Smith Family Discretionary Trust, created 2025-03-01, UK resident
  Settlor: John Smith, NINO QQ123456C
  Lead trustee: Jane Smith (contact); co-trustee: Acme Trustees Ltd (CRN ...)
  Beneficiaries: class "children and grandchildren of the settlor"
  Type: non-taxable -> register within 90 days (by 2025-05-30)
  Declaration by lead trustee

Submitted via the TRS online service; UTR/URN issued; updated within 90 days of any change.

Validation checklist

Trust type and taxable/non-taxable status determined
Settlor, trustees, beneficiaries captured with NINO/UTR/CRN
Lead trustee nominated for contact/declaration
Assets/tax details for taxable trusts (GBP)
Correct deadline (5 Oct / 31 Jan, or 90 days)
Declaration made by lead trustee/agent
Plan to update changes within 90 days

Last updated: 2026-06-04 — confirm the current TRS requirements, registration deadlines, identifiers and rounding against current authority (gov.uk/hmrc, Trust Registration Service) guidance before use.