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Overseas Account question
2001GT
Posts: 17 Forumite
in Cutting tax
Hi,
After reading on the BBC website today about the HMRC disclosure of offshore accounts, i would like some help on my situation.
I worked for the UK government in the USA from 2002-2005 and was paid in pounds and taxed by the UK government. The money was then transferred into a US bank (current account) for my everyday use. It earns no interest whatsoever. when i left the US to come back to the UK i left the account open with $2300 in it. it still has that amount in it today.
No bank has written to me about this account and HMRC have not contacted me.
Can anyone offer advice on what i should do with regards to owing the government money??
Any help or advice would be apreciated.
After reading on the BBC website today about the HMRC disclosure of offshore accounts, i would like some help on my situation.
I worked for the UK government in the USA from 2002-2005 and was paid in pounds and taxed by the UK government. The money was then transferred into a US bank (current account) for my everyday use. It earns no interest whatsoever. when i left the US to come back to the UK i left the account open with $2300 in it. it still has that amount in it today.
No bank has written to me about this account and HMRC have not contacted me.
Can anyone offer advice on what i should do with regards to owing the government money??
Any help or advice would be apreciated.
0
Comments
-
US banks won't tell UK who holds account there.
Most people getting letters are people who hold offshore accounts with UK banks.
peter9990 -
In fact because the dollar has fallen against Sterling you have a (paper) capital loss of a few hundred pounds which if you transferred back to Sterling you could crystalize to set against future capital gains.0
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