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  • FIRST POST
    • HappyCamper96
    • By HappyCamper96 18th Jan 17, 4:15 PM
    • 2Posts
    • 0Thanks
    HappyCamper96
    'Confirm where you are resident for tax purposes' letter has come through the post...
    • #1
    • 18th Jan 17, 4:15 PM
    'Confirm where you are resident for tax purposes' letter has come through the post... 18th Jan 17 at 4:15 PM
    I've been with Lloyds Bank for a while now, and I've lived in the UK all my life and never left the continent.

    I've received a letter through the post reportedly from Lloyds Bank which is black and white on all 7 pages of the letter, and asks me to write my DOB, my TIN number (I've never heard of that) and send it all off to:

    Lloyds Banking Group
    PO Box 841
    LS1 9QE

    The first paragraph reads: 'There has been a change in the international tax legislation which has introduced the Common Reporting Standard (CRS). It means financial institutions are required to report customers' account information based on their tax residence, to the tax authorities local to where their financial accounts are held.'

    It's signed off at the bottom with:

    Philip Robinson
    Director of Savings.

    As I've said, I have never been to the US, and I have been a UK Resident my whole life. Is this a scam letter, or a genuine letter? Thanks!
Page 2
    • bertiewhite
    • By bertiewhite 5th Oct 17, 2:36 PM
    • 654 Posts
    • 653 Thanks
    bertiewhite
    Why not take the letter into the bank, ask to see the manager and ask them to explain it? You'll know if it's legit then and you can also ask the manager what happens if you refuse.
    • robusta
    • By robusta 5th Oct 17, 3:02 PM
    • 3 Posts
    • 0 Thanks
    robusta
    Hi bertiewhite

    In my case I do not live in the UK anymore. I left the UK more than 8 years ago. Did not close my account. Lloyds TSB put my account dormant since I could not access it online. I finally requested the account closure recently by post.

    I live abroad at the moment in eastern Europe.

    Thanks for your input.

    R
    • badmemory
    • By badmemory 5th Oct 17, 4:33 PM
    • 803 Posts
    • 781 Thanks
    badmemory
    Hi Cook_County,

    Thanks for your response.

    Are you sure there is no risk if we are not responding to the letter? I received it in France and I am resident abroad. I was thinking of calling and just try to see if this could be sorted by phone.

    R
    Originally posted by robusta
    Please recheck the letter. The original one said that they would report your account to HMRC (the info on which may be sent to USA) and they reserve the right to close your account if they are not satisfied.
    • robusta
    • By robusta 6th Oct 17, 8:02 AM
    • 3 Posts
    • 0 Thanks
    robusta
    Hi Cook_County,


    I will check it again.
    I did not have much left before they deactivated my account (around 50 pound). They can close it for good if they want.
    I requested the closure by post as I could not go there myself. I wanted to finally sort this out after many years

    Thanks.

    R
    • Cook_County
    • By Cook_County 7th Oct 17, 12:01 PM
    • 2,896 Posts
    • 2,071 Thanks
    Cook_County
    Hi Cook_County,

    Thanks for your response.

    Are you sure there is no risk if we are not responding to the letter? I received it in France and I am resident abroad. I was thinking of calling and just try to see if this could be sorted by phone.

    R
    Originally posted by robusta
    France I believe requires declaration of non-French bank accounts; this might be a legal obligation for you.
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