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Readers' forum: Timepiece

15 August 2017
Issue: 4612 / Categories: Forum & Feedback
The obligations of Swiss bank in preparing account statements for a UK tax year.

I am a UK resident and taxpayer who has had investments and cash accounts with a Swiss bank for several years. The bank has routinely provided annual certificates of income and capital gains corresponding to the UK tax year.

However with the expiry of a tax agreement between UK and Switzerland the bank says it is no longer obliged to do this and it will only provide a certificate summarising a January to December tax cycle.

Is the bank correct? And must I now calculate my own April-to-April tax year liabilities from dozens of statement entries?

Any insight from Taxation readers will be of interest.

Query 19 024 – Reluctant Accountant.

 

Reply by Anton Lane Edge Tax

 
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