Hi there,
Do Trustees contact HMRC for information upon completion of a Trust Deed?
Thanks in advance,
DVN1981
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.
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
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.
Thanks Kevin, that makes sense.
DVN1981