Bank's Tax Compliance form - clueless!

[Fred Bloggs]

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

In my case not so random, perhaps. I think opening an off shore account for the first time triggered my/Mrs Bloggs form to be sent out. It's just a shame nobody at Lloyds had any idea what I was to do with it once I'd received it though.

[ContrataxLtd]

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

[Fred Bloggs]

I thought all banks did this.

It seems it’s only bloody Barclays.

https://www.home.barclays/content/da...tification.pdf

Thank your lucky stars you're not with Lloyds! I had the forms last year (Mrs Bloggs too) and I tried contacting Lloyds every way I could including by Mrs Bloggs in the branch. Nobody could explain to us what the form was, where I sent it to and why we both I had one. I have UK and offshore accounts with them, so I ended up writing a letter to them in the off shore branch explaining mine and Mrs Blogg's tax status and that seemed to suffice. But dealing with Lloyds through the official channels was simply hopeless. FWIW, from what I hear, HSBC seem to be well sorted with regard to onshore/offshore banking in case any here is interested.

[northernladuk]

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.

Didn't know you still had one so I refrained.. Damn

[cojak]

I’ve got two on my desk at the moment. One from RBS and one from Santander. So def not just Barclays.

Ah, right. So not just me then!

[Alan @ BroomeAffinity]

I thought all banks did this.

It seems it’s only bloody Barclays.

https://www.home.barclays/content/da...tification.pdf

I’ve got two on my desk at the moment. One from RBS and one from Santander. So def not just Barclays.

[cojak]

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!

Btw, ta Maslins...

[cojak]

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.

[cojak]

I thought all banks did this.

It seems it’s only bloody Barclays.

https://www.home.barclays/content/da...tification.pdf

[Maslins]

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!

[ContrataxLtd]

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).

FATCA compliance form by any chance?

[cojak]

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).