Any trust whose investments are managed on a discretionary basis, if more than 50% of the trust income is derived from investments, needs to submit a report under CRS by the 31 May to hmrc.
As far as I can see, this is only to establish if payments have been made to a beneficiary in one of the reportable jurisdictions.
If no such payments have been made, is it still necessary to submit a report-effectively a nil return?
Simon Northcott