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Switched back to Halifax - Tax Residency Self Certification

CeePeeBee
Posts: 132 Forumite


Hi all
I've recently switched back to Halifax from HSBC for my current account. I held a number of savings accounts with them from a previous stint with them, and decided to move back. However this time I've been sent 2 letters entitled Tax Residency Self Certification. This seems to relate to identifying self certifying tax individuals/sole traders. I pay tax via my employers/ PAYE, don't have my own business and never have so half of the questions (what is a TIM?) don't seem relevant.
Had this happened to any others who aren't sole traders/business owners?
I've recently switched back to Halifax from HSBC for my current account. I held a number of savings accounts with them from a previous stint with them, and decided to move back. However this time I've been sent 2 letters entitled Tax Residency Self Certification. This seems to relate to identifying self certifying tax individuals/sole traders. I pay tax via my employers/ PAYE, don't have my own business and never have so half of the questions (what is a TIM?) don't seem relevant.
Had this happened to any others who aren't sole traders/business owners?
0
Comments
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It's to determine whether you are tax resident in another country than the UK, primarily the US. It's something that is sent out and isn't related to self employment, TIM is I believe an american term and the closest UK equivalent would be your national insurance number.1
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Turns out Halifax want me to go into branch, so they can setup a telephone conversation with me at a later date - what is wrong with some companies....0
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NottinghamKnight said:It's to determine whether you are tax resident in another country than the UK, primarily the US. It's something that is sent out and isn't related to self employment, TIM is I believe an american term and the closest UK equivalent would be your national insurance number.0
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It's all FATCA to me.0
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CeePeeBee said:Turns out Halifax want me to go into branch, so they can setup a telephone conversation with me at a later date - what is wrong with some companies....0
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As above, it's all down to foreign tax reporting obligations - pretty much every time I apply for a new account I get asked for my UTR/NINO and foreign TIN during the application process, even though I state that I am only a tax resident in the UK (I've lived outside of my home country long enough that I don't qualify as a tax resident there anymore). I hold a few LBG accounts (including an account with Halifax) and I've never had to re-confirm my tax residency after my initial application however, and they've never asked for proof either - so what you're describing sounds odd to me.0
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I've only ever been asked that question for investment accounts, not a bank account as far as I can recall. I am British, no other domicile or tax affairs elsewhere though I have worked abroad, currently all UK based.0
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