A trust record will have been set up on the SA system by use of
function SET UP TRUST. The trustees will have been set up using
function SET UP CAPACITY DETAILS. The computer will accept the
first trustee entered as the main trustee to whom correspondence
will be issued.
Trust as Partner
Exceptionally a trust or executor may be a partner in a
partnership. A partner source cannot be entered on a trust record.
A link is required between the partnership SA record and the
record for each partner because, for example, each of the partners
may incur a penalty for non submission or late filing of the
partnership return.
Where a trust or executor is a partner you will have to set
up an individual SA record in the name of a nominated trustee /
executor in accordance with the Action Guide ‘Trust Record
And Partner Source’ in section ‘Set Up Taxpayer’.
An SA return is not required from the nominated trustee /
executor from this record, so you will need to set the Last SA
Return Required For Year Ending 5 April signal to the 5 April
previous to the date the partner source commenced. Any income of
the trust or period of administration arising from this source will
be included in the return issued from the trust record.
Pension Schemes and Periods of Administration
Pension schemes, formerly known as superannuation funds,
fall within SA as regards the trustee’s liability on the
scheme’s investment income. SA records are set up with the
record type trust. Any office with responsibility for processing
work may, therefore have responsibility for an SA case with the
record type trust. See subject ‘Pension Schemes’ in
section ‘Set Up Taxpayer Record’ (
SAM100150) for more details.
This SA liability should not be confused with liability
outside SA which may arise on Administrators of the scheme, who are
responsible for notifying liability on certain payments made by the
scheme. Liability is dealt with through CODA Special Assessing.
Similarly, periods of administration are set up within SA
with the record type trust. See subject ‘Periods of
Administration’ in section ‘Set Up Taxpayer
Record’ (
SAM100160) for more details. An SA
record for a Period of Administration is not, however, required if
the Period of Administration is immediately followed by a trust.
You can amend any of the details set up on the SA record in
respect of a trust for which your office is responsible.
You will find further information on maintaining the trust
record in the following subjects
If you want to know which function(s) to use to maintain different aspects of a trust’s SA record
