Time to move your money from overseas accounts

[ASB]

You seem to have the same mentality is HMG or Hector, something you need to tell us? Offshore accounts are not only the domain of crooks and tax avoiders, there are a number of reasons for wanting/needing them.
I Have worked all over Europe, well Germany and Belgium. Getting money to and from the UK can work out expensive with transfer charges and the different exchange rates depending if you are buying or selling. I invoice in euros, my management company is in Denmark. They pay me a local amount in country and the rest goes offshore but it is all declared. I have an offshore Euro account and an offshore GBP account with the same bank whith whom I also have an onshore UK account. I pay no charges with transfers between these accounts and get the same exchange rate based on the days rate so pay no costs there either. It only saves a few quid per transaction but it saves and when I change countries I dont have any hassles paying deposits for flats and stuff.

Others may do it differently but this method works for me.

I used to hold a couple of offshore accounts whilst resident in the UK and permanently working in Europe. Again everything declared etc. However when investigated in '95 the inspector got very excited. Despite the fact that I simply handed over all details when asked for details of all accounts. If it was not for this I think that the investigation would have been concluded in much less that 3 years.

[The Lone Gunman]

I used to hold a couple of offshore accounts whilst resident in the UK and permanently working in Europe. Again everything declared etc. However when investigated in '95 the inspector got very excited. Despite the fact that I simply handed over all details when asked for details of all accounts. If it was not for this I think that the investigation would have been concluded in much less that 3 years.

Thats made my day!!!! Not worried now am I!

[milanbenes]

Lone Gunman,

u r a plonker.

Milan.

[The Lone Gunman]

Lone Gunman,

u r a plonker.

Milan.

Who told you that Beans old boy?

[Mailman]

Its in the link posted at the bottom of the second page by ASB

Mailman

[Not So Wise]

Anyone hiding money from the UK (or european) tax man in an offshore account with a British (or European) Bank inside Europe was/is pretty much asking to get done sooner or later, thats been a fact of life since Gib. opened up their accounts about 10 years ago to the UK tax man

[Joe Black]

In my case I have an off-planet account with the First Universal Bank of Mars, having set up a business there a few years ago. No more IR, CSA or other worries, which is nice.

threaded