where's the HSBC thread?
Feb 27th 2017, 6:57 am
#61
Knee deep and rising
Joined: Sep 2011
Posts: 3,007
Re: where's the HSBC thread?
Things might be different in Blighty
Feb 27th 2017, 9:45 am
#62
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Thread Starter
Joined: Jul 2008
Location: Dubai
Posts: 2,843
Re: where's the HSBC thread?
i'd be inclined to do this.
i highly doubt HSBC are going to correspondence with every single tax authority worldwide to ensure the right tax no/ref has been given....these kind of forms over here are merely to dot the i's and cross the t's and the references themselves mean jack all.
i highly doubt HSBC are going to correspondence with every single tax authority worldwide to ensure the right tax no/ref has been given....these kind of forms over here are merely to dot the i's and cross the t's and the references themselves mean jack all.
Feb 27th 2017, 10:39 am
#63
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: where's the HSBC thread?
I wouldn't be giving it to HM R&C tho, I would be giving it to HSBC....
Feb 27th 2017, 10:43 am
#64
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: where's the HSBC thread?
i'd be inclined to do this.
i highly doubt HSBC are going to correspondence with every single tax authority worldwide to ensure the right tax no/ref has been given....these kind of forms over here are merely to dot the i's and cross the t's and the references themselves mean jack all.
i highly doubt HSBC are going to correspondence with every single tax authority worldwide to ensure the right tax no/ref has been given....these kind of forms over here are merely to dot the i's and cross the t's and the references themselves mean jack all.
Feb 27th 2017, 10:50 am
#65
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: where's the HSBC thread?
i'd be inclined to do this.
i highly doubt HSBC are going to correspondence with every single tax authority worldwide to ensure the right tax no/ref has been given....these kind of forms over here are merely to dot the i's and cross the t's and the references themselves mean jack all.
i highly doubt HSBC are going to correspondence with every single tax authority worldwide to ensure the right tax no/ref has been given....these kind of forms over here are merely to dot the i's and cross the t's and the references themselves mean jack all.
As an aside, I had to open an account with Standard Chartered this week - I was told to put my tax residence as UAE, and NA for my tax number.
Works for me.
Feb 27th 2017, 11:04 am
#66
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Thread Starter
Joined: Jul 2008
Location: Dubai
Posts: 2,843
Re: where's the HSBC thread?
They are almost certainly going to try and report it. The potential loss of a banking license is way more important than shielding some expat from their tax obligations.
As an aside, I had to open an account with Standard Chartered this week - I was told to put my tax residence as UAE, and NA for my tax number.
Works for me.
As an aside, I had to open an account with Standard Chartered this week - I was told to put my tax residence as UAE, and NA for my tax number.
Works for me.
Feb 27th 2017, 11:46 am
#67
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Feb 27th 2017, 12:41 pm
#68
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Feb 27th 2017, 10:07 pm
#69
Forum Regular
Joined: Jul 2010
Posts: 285
Re: where's the HSBC thread?
They search but monitors and teams in Financial Crime Compliance and Customer Due Diligence and Back office working in silence same as FBI and your profile several years later would be under surveillance and things will get complicated and no one will tell you why you cannot do this or that as long as you are moving in international banks, any suspect banks are prohibited by law to clarify because we would have been penalized if we accused you or told you you are suspicious to us and you might be innocent, just FYI.
Mar 11th 2017, 9:51 pm
#70
Forum Regular
Joined: Jul 2010
Posts: 285
Re: where's the HSBC thread?
Apologies to mission.
The answer came to me like a revelation and I realized how stupid I am
In HSBC UAE:
You would know if the beneficiary cleared the cheque or not by seeing the amount you wrote has been deducted from your account as a cheque notification.
For example, you wrote in 12 March 2017 a cheque with amount of 1k AED, then from 12 March 2017 to 12 September 2017 the amount should be deducted from your account (you will see that via internet banking or you will receive sms message right away if you are subscribed), if after 12 Sep you did not see the amount deducted then it will not be forever with that cheque as the cheque has validity only for 6 months and you will need to write a new cheque.
The answer came to me like a revelation and I realized how stupid I am
In HSBC UAE:
You would know if the beneficiary cleared the cheque or not by seeing the amount you wrote has been deducted from your account as a cheque notification.
For example, you wrote in 12 March 2017 a cheque with amount of 1k AED, then from 12 March 2017 to 12 September 2017 the amount should be deducted from your account (you will see that via internet banking or you will receive sms message right away if you are subscribed), if after 12 Sep you did not see the amount deducted then it will not be forever with that cheque as the cheque has validity only for 6 months and you will need to write a new cheque.
