The number of trusts in the UK has declined for the fifth year in a row, as the tax
planning vehicles fall out of favour with wealthy families. Latest statistics from HM Revenue & Customs showed 151,000 trusts submitted a tax return in the 2018-19 tax year — down from 154,500 the previous year. However, despite the fall in total numbers, the amount of tax paid by the vehicles hit £1.43bn — a 7 per cent increase on 2017-18 figures.
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