Trust Accountant

Si Recruitment; Huddersfield; On-site; GBP 40,000 - 60,000; Full time

Job summary

A recruitment agency is seeking a Trust Accountant to manage accounting and tax compliance for trusts and estates in Huddersfield. The role involves preparing accounts, filing tax returns, and providing advisory services on Inheritance Tax matters. Candidates should be qualified in ATT/ACA/ACCA/CTA with strong knowledge of UK trust law and experience in compliance. Joining this team offers the chance to work with various clients including high-net-worth individuals.

Qualifications

• Qualifying credentials in taxation and accounting.
• Strong understanding of UK trust law and taxation.
• Experience with trust software and HMRC systems.

Responsibilities

• Manage trust accounts preparation according to UK GAAP.
• Ensure compliance with tax returns and deadlines.
• Advise on Inheritance Tax implications for trusts.

Skills

ATT / ACA / ACCA / CTA qualified

Strong knowledge of UK trust law

Experience with HMRC online filing systems

Excellent attention to detail

Tools

Trust Registration Service

Job description

Job Title : Trust Accountant

Role Purpose

To manage the accounting and tax compliance for trusts and estates, ensuring accurate preparation of accounts, timely submission of tax returns, and effective handling of Inheritance Tax (IHT) matters in line with UK legislation and professional standards.

Key Responsibilities

• Trust Accounts Preparation
  • Prepare annual trust and estate accounts in accordance with UK GAAP and relevant trust law.
  • Maintain accurate ledgers for income, capital, and distributions.
  • Reconcile bank accounts and investment portfolios.
• Tax Compliance
  • Prepare and file Trust and Estate Tax Returns (SA900 ) and related schedules.
  • Calculate income tax and capital gains tax liabilities for trusts and beneficiaries.
  • Ensure compliance with HMRC deadlines and reporting requirements.
• Inheritance Tax (IHT) Work
  • Prepare IHT100 and IHT400 forms for lifetime transfers and estate administration.
  • Advise on IHT implications of distributions and trust restructuring.
  • Monitor nil-rate band usage and reporting obligations.
• Advisory & Administration
  • Liaise with trustees, beneficiaries, and investment managers.
  • Provide guidance on trust taxation, compliance, and planning opportunities.
  • Assist with Trust Registration Service (TRS) updates and AML compliance.

Skills & Qualifications

• ATT / ACA / ACCA / CTA qualified (or equivalent experience).
• Strong knowledge of UK trust law, taxation, and accounting standards.
• Experience with HMRC online filing systems and trust software.
• Proficient in using the Trust Registration Service.
• Excellent attention to detail and ability to manage multiple deadlines.
• Desirable:
  • Experience with complex estates and high-net-worth clients.
  • Familiarity with offshore trusts and related reporting requirements.