Unexpected request to confirm tax residency - Halifax
Comments
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Some of you guys described this letter as unclear and written in a strange way- I feel the same, still trying to understand what is the point of it.
But the only problem is, I need to reply by December 15th; the letter is in UK and I'm in Poland (my family sent me photos of it). And it needs my signature. So I am looking on Internet for a blank form to print it here, sign it and send to Lloyds.
I've been googling for some time but I can't find it.
If anyone knows where I can download this form I would be grateful. Thanks0 -
Cook_County wrote: »You will be reported on under both FATCA & CRS, but why is this a concern?0
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Some of you guys described this letter as unclear and written in a strange way- I feel the same, still trying to understand what is the point of it.
To make matters worse, the UK caved in to this, and imported US law into UK law in something called the FATCA intergovernmental agreement (aka gunboat diplomacy on the part of the US).But the only problem is, I need to reply by December 15th; the letter is in UK and I'm in Poland (my family sent me photos of it).
I'm assuming you are not a US citizen, of course. CRS is a different beast from FATCA, but doesn't concern itself with citizenship so is a lesser issue.0 -
Thank you so much for your replies. I feel I am not alone...
I received the letter today from 'Lloyds Bank plc Bristol BX1 1LT'. I don't know whether it's genuine and feeling nervous. I am not British, just study here, and the letter mentioned my nationality. So I am worrying whether I will be punished if I do not send back some form... there isn't any form in the envelope! I am completely confused with the terms and the law things. I think I will go to the branch and ask them before the deadline:(0 -
I was born a US Citizen, as was my son (although born n the UK). He has received this letter from HSBC and is having to fly home on Wednesday to deal with it, along with other banking issues.
Neither of us has assets in the US, are you saying we might have to pay US tax on our UK/other incomes?“And all shall be well. And all shall be well. And all manner of things shall be exceeding well.”
― Julian of Norwich
In other words, Don't Panic!0 -
lisa110rry wrote: »I was born a US Citizen, as was my son (although born n the UK). He has received this letter from HSBC and is having to fly home on Wednesday to deal with it, along with other banking issues.
Neither of us has assets in the US, are you saying we might have to pay US tax on our UK/other incomes?
That is why some US citizens choose to renounce their citizenship.... it saves them tax!
https://www.irs.gov/individuals/international-taxpayers/u-s-citizens-and-resident-aliens-abroad
https://www.irs.gov/individuals/international-taxpayers/u-s-citizens-and-resident-aliens-abroad-filing-requirements0 -
Nope, I hadn't read the website! I have lived in the UK since 1977 when I was 21 years old!“And all shall be well. And all shall be well. And all manner of things shall be exceeding well.”
― Julian of Norwich
In other words, Don't Panic!0 -
lisa110rry wrote: »Nope, I hadn't read the website! I have lived in the UK since 1977 when I was 21 years old!0
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Cook_County wrote: »If you renounce without being US tax compliant for the 5 years prior to renunciation you automatically become subject to the expatriation tax.
of course without knowing her figures, one cannot say if she has anything to pay against her liability nor which is cheaper, expiration tax or 40 years of back taxes. Also I know nothing about US timelimits, so such draconian backtaxes may of course be rubbish, but it does seem that her position is one in need of professional advice and support from someone who does know the US system before she returns "the letter" and draws attention to herself?0
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