I read somewhere it was to stop money laundering.
I think the tax man is interested in revenu (interest is like a revenu) and not savings.
No, I will not send euros over to the UK, too much bother.
I am sure Karen is a pillar of rectitude. I tell a lie and am caught out right away. So I have learnt to tell the truth always; very rarely tell a lie.
Helenochka, yes I am a resident in France.
You declare the existence of the accounts in form 3916
You declare the interest in form 2047 (canât remember which box, but youâll find the information elsewhere on this forum) and then carry the amounts over to the main tax form 2042.
Except that this NS&I brochure is about making international payments!
Is that still valid, though? The terms and conditions date from 2015.
he needs to be told of all accounts⌠in whatever countries.
but it was your comment about having to tell the taxman about interest âeven though it was a savings accountâ
sounded a bit odd, hence my clarificationâŚ
cheers
Possibly not!
(Edit - yes you are right. This has now been stopped)
Hmmm. Six posts in a row from @prunelle . When did this change from the 3 in a row maximum ?
I have brought this up before and I think someone explained that it is because she had replied to different people within her âallowanceâ .
Iâm going back to check now. ![]()
Edit: 3 of the posts were to @Helenochka, so might be the answer. ![]()
Thank you for the information, it will be helpful when I fill in the tax form next May.
What does it say, please? I am not in the mood to read a brochure from them.
The NS&I told me over the phone that I had to ask someone living in the UK to cash my check and transfer the money into my account in France.
Sorry what terms and conditions?
People are trying to help you, you could at least read things for yourself.
If you follow the thread youâll see that I clarified it is out of date.
(You donât have to do individual posts for each reply. Keep your first post open and add further quotes to it.)
You declare the closure on the annex where you list all your foreign accounts of whatever nature.
Donât omit this annex if you have foreign accounts as there are fines for not declaring their existence
So, itâs now 7 days since you initially reported the situation.
and Iâm presuming that you have got this well in hand by nowâŚ
phew, that must be such a relief. ![]()
You first posted about problems with UK account closure last May, so I presume you have already done at least one tax return here? So you should already have declared your NS&I accounts, as well as things like you stocks and share account?
I seriously hope you have as the fines are painful, and for each year of omission. So âŹ1500 per account, per year undeclared, can add up to a nasty experience.
We realised last year that we had missed a dormant account, which since we have been here for many years could have been very unpleasant. So we owned up as soon as we realised, and were let off any fines as they believed it was an honest omission.
