Question to the HM Treasury:

To ask His Majesty's Government how many applications for trust information from the Trust Registration Service have been (1) successful, (2) refused because the trust is exempt, (3) refused because the gateway test is not met, (4) refused because individuals are exempt, and (5) refused for other reasons, in each year the TRS has been in operation, broken down by gateway such as a legitimate interest or offshore company.

Since the process for applying for information on the Trust Registration Service (TRS) came into force on 1 September 2022, c20 valid trust data requests have been processed. To date, no requests have been successful.

Of the c5 legitimate interest requests processed, fewer than five of the trusts were found on the TRS and fewer than five requests were refused because the requestor did not meet the legitimate interest test criteria. Of the c15 offshore company requests processed, fewer than five of the trusts were found on the TRS.

Fewer than five requests have been refused because information on individual beneficial owners was exempt from disclosure.

The numbers above have been rounded to the nearest five as disclosing the exact numbers would potentially disclose information held by HMRC in relation to identifiable persons. References to ‘fewer than five’ are inclusive of nil.