PBR N18 & non resident trusts

The Chartered Institute of Taxation and the Society of Trust & Estates Practitioners have issued their comments in response to proposals which are flowing from the announcements in the pre-budget report. The comments can be downloaded here CIOT  STEP

It is, perhaps, noteworthy that these two professional bodies have not made a joint response on the issue but have gone their separate ways, albeit with there being some commonality.

The comments are made only in relation to the PBRN in the loosest sense, but are more accurately made in response to informal briefings received from the Treasury which is in the throes of fleshing out the PBR announcements. As such, there is no point in looking for an HMT or HMRC publication to marry with the responses, because no such publication exists.