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Can Inland Revenue look in my bank accounts?
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# 1
lanmonkey
Old 17-03-2009, 10:20 AM
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Default Can Inland Revenue look in my bank accounts?

I have always wondered this, Im not a tax crook or anything but I always assumed that the Inland Revenue / government can look in any bank accounts it likes.

Is this true?

Thanks
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# 2
1984ReturnsForReal
Old 17-03-2009, 10:54 AM
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if they have the smallest piece of evidence or intelligence, Yes & you wouldnt even know.
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# 3
RubyBish
Old 17-03-2009, 10:55 AM
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All banks have a legal obligation to submit a report detailing customers and the interest earnt and the tax deducted. This is known as an S17 report IIRC. HMRC will use these reports to match up against individuals and then pursue any discrepencancies directly with the individual.

How effective the matching process is, is debatable.
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# 4
musehead
Old 17-03-2009, 11:07 AM
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Can they look at individual transactions?
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# 5
BruceyBonus
Old 17-03-2009, 11:27 AM
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Quote:
Originally Posted by musehead View Post
Can they look at individual transactions?
If they have any evidence (or suspicion) of any wrong-doing, then yes they can.
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# 6
cos69
Old 17-03-2009, 11:43 AM
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Quote:
Originally Posted by musehead View Post
Can they look at individual transactions?
Don't remember what the limit is, but all transactions above the limit get flagged for potential money laundering activities. The limit varies, I think it may be 25k
"How could I have been so mistaken as to trust the experts" - John F Kennedy 1962
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# 7
Blah99
Old 17-03-2009, 7:45 PM
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Quote:
Originally Posted by BruceyBonus View Post
If they have any evidence (or suspicion) of any wrong-doing, then yes they can.
Not without a warrant or court order, they can't. They can access the summary data (interest earned) etc but detailed transactions/balances are not free and open for inspection. Same goes for councils and other public bodies that might want to snoop on your records.
Mmmm, credit crunch. Tasty.
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# 8
lanmonkey
Old 18-03-2009, 10:46 AM
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Quote:
Originally Posted by Blah99 View Post
Not without a warrant or court order, they can't. They can access the summary data (interest earned) etc but detailed transactions/balances are not free and open for inspection. Same goes for councils and other public bodies that might want to snoop on your records.
This is what I always thought. I mean if it was that easy to look in someones bank account(s) there would be no benefit fraud.

Glad to know this is in fact the case.

Anyone got any links with details?

Thanks
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# 9
Stavros
Old 18-03-2009, 10:56 AM
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Schedule 1 production order within the Police and Criminal Evidence Act 1984, signed by a High court judge authorising officers to inspect bank accounts
Liquidity is when you look at your investment portfolio and **** your pants
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# 10
lanmonkey
Old 18-03-2009, 11:29 AM
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Quote:
Originally Posted by Stavros View Post
Schedule 1 production order within the Police and Criminal Evidence Act 1984, signed by a High court judge authorising officers to inspect bank accounts
wow, so they would have to have pretty strong evidence before they even consider asking a judge for permission to look in yoru bank accounts
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# 11
Stavros
Old 18-03-2009, 1:13 PM
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Quote:
Originally Posted by lanmonkey View Post
wow, so they would have to have pretty strong evidence before they even consider asking a judge for permission to look in yoru bank accounts
Absolutely
Liquidity is when you look at your investment portfolio and **** your pants
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# 12
sabretoothtigger
Old 18-03-2009, 1:17 PM
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HMRC can command the police and local army unit in recovery of any revenue it suspects due and may break into houses without a formal search warrant if circumstances demand it

I wouldnt be surprised if project echelon had recorded your ip and dispatched agents as we speak
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# 13
FraudBuster
Old 18-03-2009, 1:18 PM
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Check out the disclosure T&C's you signed when opening the bank account.
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# 14
Farway
Old 18-03-2009, 4:42 PM
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Quote:
Originally Posted by FraudBuster View Post
Check out the disclosure T&C's you signed when opening the bank account.
Agree, but all I suspect have a clause about "disclosure within the law" or such like, even the Swiss have now fallen into line [with much arm twisting]
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# 15
Blah99
Old 18-03-2009, 7:32 PM
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Quote:
Originally Posted by lanmonkey View Post
wow, so they would have to have pretty strong evidence before they even consider asking a judge for permission to look in yoru bank accounts
Yes. They either try and trick you by getting you into a room and saying "so we know you earned X interest last year on undeclared amounts, want to tell us about it", when they don't actually have the detailed proof. Or if the amount earned is sufficiently huge (or your assets are clearly way beyond your means) they can use that as reasonable suspicion.

There's also the proceeds of crime act, and SOCA have some pretty nasty powers but are fairly ineffective at using them.
Mmmm, credit crunch. Tasty.
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# 16
Blah99
Old 18-03-2009, 7:35 PM
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Quote:
Originally Posted by Farway View Post
Agree, but all I suspect have a clause about "disclosure within the law" or such like, even the Swiss have now fallen into line [with much arm twisting]
Correct. Remember that the wonderful human rights legislation guarantees us all a right to pay stupid amounts in compensation to scum.. oh, no, sorry, I mean it guarantees us a right to life free of state interference. The T&Cs only allow the bank to disclose information when there is a legal obligation to do so. To do it at any other time is actually a breach of the data protection act, even if the data is going to a public body.

The Swiss situation is extremely specific and limited in scope.
Mmmm, credit crunch. Tasty.
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# 17
Primrose
Old 19-03-2009, 11:09 AM
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Interesting discussion. Was just wondering whether one could ask the Customs & Revenue whether they had ever asked for access to your account under the Freedom of Information Act? From time to time there have been relatively large sums of money going in and out of our accounts as we move our savings around in search of better interest rates/fixed rate bonds, especially when you have to move money through a current account before you can set up a new savings account and write out a cheque. I'm wondering whether this type of activity would trigger their interest?
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# 18
LesU
Old 19-03-2009, 11:54 AM
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Quote:
Originally Posted by lanmonkey View Post
wow, so they would have to have pretty strong evidence before they even consider asking a judge for permission to look in yoru bank accounts
I think a great deal of naivety is being displayed in these posts that state that the police or customs need to go cap in hand to a judge.
All they have to do is state a possible link to drugs or terrorism (aka money laundering) and they can do whatever they like.
Remember, you're not safe even if you are an MP inside the House of Commons!
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# 19
Blah99
Old 19-03-2009, 7:03 PM
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Quote:
Originally Posted by Primrose View Post
Interesting discussion. Was just wondering whether one could ask the Customs & Revenue whether they had ever asked for access to your account under the Freedom of Information Act? From time to time there have been relatively large sums of money going in and out of our accounts as we move our savings around in search of better interest rates/fixed rate bonds, especially when you have to move money through a current account before you can set up a new savings account and write out a cheque. I'm wondering whether this type of activity would trigger their interest?
No, it wouldn't, unless you're talking very regular (daily to weekly) transfers of 10k+ batches, or regular transfers (monthly) of 100k+ batches, or individual transfers of 1m+.

The FOI Act doesn't apply to individuals as such. If you're asking whether you've been put under surveillance you can make a DPA subject access request to get all info stored on you. However, if you imagine the situation where you're an organised crime boss, the DPA request can be ignored by the authorities. In that case, if you have a suspicion you're being placed under surveillance by any UK public body (police, SOCA, council etc) you can make a surveillance request to the Home Office. They will then look at your case and make a determination as to whether to lie to you or tell you the truth.

The system is mainly intended for people who believe they've been wrongfully placed under surveillance or on a watch list. They can appeal to the Home Office to review their case, but it's a blind process because obviously the surveillance can't be confirmed or denied until it's found to be unrequired/unlawful.


Quote:
I think a great deal of naivety is being displayed in these posts that state that the police or customs need to go cap in hand to a judge.
All they have to do is state a possible link to drugs or terrorism (aka money laundering) and they can do whatever they like. Remember, you're not safe even if you are an MP inside the House of Commons!
You're confusing issues. Disregard the Damian Green thing, because that's irrelevant.

Yes, the police could *potentially* engage a wiretap or surveillance on you without proper legal authorisation, but when the case went to court and discovery was initiated your legal defence would be a failure to follow the law. Remember that the police cannot lie or be generous with the facts to obtain a warrant and they must have reasonable cause for suspicion, which includes evidence to back it up. Fishing isn't allowed.
Mmmm, credit crunch. Tasty.
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# 20
Trollfever
Old 19-03-2009, 7:17 PM
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Fishing isn't allowed.



http://cndyorks.gn.apc.org/mhs/index.htm

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All telecommunications traffic to and from Europe and passing through Britain can be intercepted at the base, including private telephone calls, faxes, emails and other communications. Much of the information is collected, processed and relayed back to the United States automatically.

Last edited by Trollfever; 19-03-2009 at 7:43 PM. Reason: Addition,
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