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Trustee : HMRC

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(@dvn1981)
New Member
Joined: 4 years ago
Posts: 3
Topic starter  

Hi there,

Do Trustees contact HMRC for information upon completion of a Trust Deed?

Thanks in advance,
DVN1981


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Welcome to the trust deed forum DVN1981.

I don't think this is a standard thing for all trust deeds. There may of course be specific reasons for specific cases where this would be an appropriate course of action.

Is there a particular reason that you're asking the question? Knowing this might help us to provide you with more useful information.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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(@dvn1981)
New Member
Joined: 4 years ago
Posts: 3
Topic starter  

Thanks for the response!

I was just going through my deed documents which I signed a while back and one letter addressed to the HMRC gives the trustee an irrevocable mandate on my national insurance and PAYE.

I just wondered what this would be used for considering wage slips are regularly provided.

Thanks
DVN1981


   
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TDA (Debt Adviser)
(@tda-debt-adviser)
Illustrious Member
Joined: 16 years ago
Posts: 13594
 

Hi DVN1981,

I'm actually not sure about this. Hopefully Kevin or Paul will be able to shed further light when they next visit the forum.

Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds


   
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Kevin Mapstone
(@kevin-mapstone)
Member Admin
Joined: 16 years ago
Posts: 4253
 

HMRC will normally only provide information to Trustees where they have a signed mandate such as this. Many firms therefore get one signed in case you don't comply by sending in payslips etc when requested, so they can try to get the information directly from HMRC instead.

If you have been supplying payslips as requested then there is no reason why your trustee would need to use it.

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.


   
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(@dvn1981)
New Member
Joined: 4 years ago
Posts: 3
Topic starter  

Thanks Kevin, that makes sense.

DVN1981


   
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