Originally posted by ContrataxLtd
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Reply to: Bank's Tax Compliance form - clueless!
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Previously on "Bank's Tax Compliance form - clueless!"
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I've seen these from Cater Allen and HSBC as well as the other banks mentioned on here. They seem to be very random as to who needs to complete them though.
Martin
Contratax Ltd
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Originally posted by cojak View PostI thought all banks did this.
It seems it’s only bloody Barclays.
https://www.home.barclays/content/da...tification.pdf
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Originally posted by cojak View PostAnd before NLUK says it, I’ll speak to my accountant tomorrow. I just thought that the form was more straightforward than it turned out.
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Originally posted by cojak View PostI thought all banks did this.
It seems it’s only bloody Barclays.
https://www.home.barclays/content/da...tification.pdf
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Originally posted by Maslins View PostYuck. We've loosely helped a few clients few these. Very frustrating as it seems the bank send out the forms, refuse to give any advice, saying it's the company's tax adviser's responsibility to assist. Doesn't help that it doesn't use any terminology your average accountant/tax adviser would come across anywhere else!
You don't say what's in section III? If it helps, I think your typical business would count as an "Active NFFE". Ie you're trading, so active rather than passive, and you're a non financial institution (not a bank/insurance company).
If section III is about something else, give us a clue!
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And before NLUK says it, I’ll speak to my accountant tomorrow. I just thought that the form was more straightforward than it turned out.
Leave a comment:
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I thought all banks did this.
It seems it’s only bloody Barclays.
https://www.home.barclays/content/da...tification.pdf
Leave a comment:
-
Yuck. We've loosely helped a few clients few these. Very frustrating as it seems the bank send out the forms, refuse to give any advice, saying it's the company's tax adviser's responsibility to assist. Doesn't help that it doesn't use any terminology your average accountant/tax adviser would come across anywhere else!
You don't say what's in section III? If it helps, I think your typical business would count as an "Active NFFE". Ie you're trading, so active rather than passive, and you're a non financial institution (not a bank/insurance company).
If section III is about something else, give us a clue!
Leave a comment:
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Originally posted by cojak View PostSorted out Section I & II - but Section III make absolutely no sense to me.
At all.
Anyone out there who could give me a clue? I don't want to accidentally make it look like I'm a dodgy trust or some thing...
(And I've read the accompanying guidance notes - no fecking help whatsoever).
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Bank's Tax Compliance form - clueless!
Sorted out Section I & II - but Section III make absolutely no sense to me.
At all.
Anyone out there who could give me a clue? I don't want to accidentally make it look like I'm a dodgy trust or some thing...
(And I've read the accompanying guidance notes - no fecking help whatsoever).
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