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UK bank asking questions!
I have received a letter from my UK bank with a bunch of forms to be filled in, supposedly because the bank needs the information to establish whether my information should be shared with the local tax authority (Belgium). Once filled in, the forms need to be certified by an accountant or
lawyer and returned to the UK bank within 30 days. The UK bank is aware
that I live in Belgium and has my account is registered at my Belgian
address.
In my Belgian tax declaration I have fully declared my accounts in the
UK and elsewhere.
The bank is careful to avoid any precise mention of a legal obligation
to comply with their request. Is there any legal obligation?
All EU countries are required by law to supply information on bank deposits to the holder's country of residence, so there is a legal obligation there.
Which bank is it, out of interest?
The only thing that they actually need is your Belgian registration number (the one that starts with your birthdate in format YY.MM.DD-XXX.XX) and even that isn't absolutely essential.
All this business about needing to have them certified is absolute nonsense. It's the Bank's directors that need certifying - insane.
That is not normal procedure. There is no need for anything like that, Belgium gets to know about your account anyway. I'm wondering if you are in line for an investigation in Belgium.
It would be interesting to know just what the UK bank is asking for.
I would ask your bank why this appeared at this point us it a new policy? I'd also point out you legally fill in tax return here and tell you them about this account also spark what happens come Brexit will these rules apply? Maybe that's behind this
