Published May 12, 2016
Inland Revenue recently provided a friendly reminder in its “Agents Answers” newsletter (Issue No 186) of the importance of notifying Inland Revenue in writing if you have resigned as a trustee.
The key points were:
The message is clear.
If you resign as a trustee, notify Inland Revenue in writing as soon as possible following your resignation, so they can update their records.
If you don’t notify Inland Revenue in writing, you’re still on the hook.
Trust good practice.
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