Question about tax resident
#16
Re: Question about tax resident
Who is asking for your Canadian SIN number Snoop? Is it a UK bank or HMRC or both? Does your UK bank have your Canadian address? Mine does and so does HMRC. I haven't had such a request so curious to know the context.
#17
BE Enthusiast
Joined: Mar 2012
Location: Calgary
Posts: 962
Re: Question about tax resident
Some interesting information in this thread, thanks to everyone
#18
Re: Question about tax resident
They all have our Canadian addresses.
#20
Re: Question about tax resident
I know and its bugging me.
They all say the same thing that they have to establish tax residency, and then maybe inform HMRC. They says its because of new rules signed by the UK Gov.
I'm quite sure all the letters are legit, they are all companies we have dealings with- the "insurance " companies starting it and now the banks are following. We have been here 8.5 years and HMRC are aware. The kids were only 9 & 15 when they left.
I'm filling all the forms in but not giving SINs - I say not required to give to a foreign bank/company.
I've had 2 replies so far, saying they will share details with HMRC. We'll see what happens after that, I'm not hiding anything.
#21
Re: Question about tax resident
We have accounts with HSBC & FD but no such request. Perhaps ours are to come. We have been filing self assessments but HMRC agreed to let us stop this year.
How does giving your SIN number establish tax residency? Even if you were to agree to give it to them surely they'd have to have your permission to divulge it?
How does giving your SIN number establish tax residency? Even if you were to agree to give it to them surely they'd have to have your permission to divulge it?
Last edited by Snowy560; Oct 6th 2017 at 6:37 am.
#22
Joined: Sep 2008
Posts: 12,830
Re: Question about tax resident
It doesn't and banks don't need special permission to share information with the tax authorities. You agree when you open an account.
#23
Re: Question about tax resident
We have accounts with HSBC & FD but no such request. Perhaps ours are to come. We have been filing self assessments but HMRC agreed to let us stop this year.
How does giving your SIN number establish tax residency? Even if you were to agree to give it to them surely they'd have to have your permission to divulge it?
How does giving your SIN number establish tax residency? Even if you were to agree to give it to them surely they'd have to have your permission to divulge it?
The letters are coming in sporadically. Stinky hasn't had one from the Royal Bank yet.
I just noticed on the Royal bank letter for me -they want a certified copy of a "valid passport issued by the jurisdiction in which you claim to be resident"
This is bizarre and a sore point for us!
So you have to have a passport to prove tax residency!!!
Makes no sense. HSBC and the insurance companies didn't ask for that.
#24
Re: Question about tax resident
I had to prove various things with FD to do with my ID last year. A few of us on here got asked. FD are really good. You can call up and have a sensible conversation with them. Is it worth you sending a secure message asking to speak to someone because you have concerns over ID fraud and you need to clarify the situation?
#25
Re: Question about tax resident
I sent mine to Natwest a few weeks back as I figure enough companies in America have my SIN that adding another in the UK doesn't make much difference. But I should really just close the account, as I only use it to send Christmas cheques to people, and could just use Paypal these days.
#26
Re: Question about tax resident
I'm 99% sure that's only if you're claiming to be resident in a country other than Canada (otherwise it would obviously be impossible for PRs, since they don't have Canadian passports). But the letter is mostly gibberish.
I sent mine to Natwest a few weeks back as I figure enough companies in America have my SIN that adding another in the UK doesn't make much difference. But I should really just close the account, as I only use it to send Christmas cheques to people, and could just use Paypal these days.
I sent mine to Natwest a few weeks back as I figure enough companies in America have my SIN that adding another in the UK doesn't make much difference. But I should really just close the account, as I only use it to send Christmas cheques to people, and could just use Paypal these days.
Its also easier for elderly relatives to pay regular money into UK accounts for the kids/Christmas/birthdays
I won't waste my time phoning- I'll send an irritated note instead! I don't think its fraud just written by a trainee!
#27
Re: Question about tax resident
Yeah, I think I'll use the account this Christmas, then close it next time I'm in the UK. I kept it open in case I ever decided to move back, but I can't see that happening now.
#28
Re: Question about tax resident
Have to say I've never done it to date though. Possibly they're on about the FATCA agreement as well, i.e. they're establishing that you're not an American.
As for providing a passport, that's also to do with the anti-money laundering regulations, passport is only one of the documents you can provide, a PR card would be another, that's just a badly worded letter.