R185 form completion

Can an R185 cover more than one tax year

Didn't find your answer?

Good morning,

I hope someone may be able to advise.

I have a client who runs a small trust which I am not involved with at all.

Since 2013 the trust tax has been declared and paid but no dividends have been issued.

The dividends are now available - the client asks can the R185 form cover 2013/14 to 2022/23 or does he need to complete a form for each separate year?

Many thanks for any response.

Replies (5)

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By Tax Dragon
02nd Nov 2023 10:03

Don't advise a trust you have not done AML for, have no engagement/contract with/PI cover for and know nowt about, is my advice.

It sounds a simple question but possibly hides a wealth of ignorance.

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Replying to Tax Dragon:
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By More unearned luck
02nd Nov 2023 12:07

And she will need proof that the trust is on the TRS.

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Replying to More unearned luck:
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By Tax Dragon
02nd Nov 2023 15:40

Even if she's not advising the trust?

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By More unearned luck
02nd Nov 2023 16:57

"...the client asks can the R185 form cover 2013/14 to 2022/23 or does he need to complete a form for each separate year?"

The client seems to be asking this question qua trustee or if not as trustee, on behalf of the trustees. Even if this wasn't so, if the OP were to answer the question, prudence suggests she should ask for the proof. Some poor sod is going to be the first to be fined for failing to comply with Reg 30A(1) and possibly heavily pour encourager les autres. The OP shouldn't let be her.

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Replying to More unearned luck:
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By Tax Dragon
02nd Nov 2023 19:51

Understood, thank you.

OP shouldn't answer the question (that's what I meant in my first comment) so I misread you as saying something you weren't. We do TRS alongside AML, and I no longer distinguish it when I talk about it - perhaps I should.

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