Leigh Gilles
Admin, Ops, IT & Finance
Is it normal to receive a US tax form from a UK bank?
Edward Bainton Trustee at New Muslim Circle Posted 1 year ago
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Lloyds has just sent us 13 pages of US government form to fill, to establish that we're not tax resident in the US. Refers officiously to the U.S. Foreign Account Tax Compliance Act, as if it has jurisdiction over here.
This is nuts. (And possibly one reason so many charities, especially Muslim ones, are being debanked?)
What do I do? I'm pretty au fait with HMRC jargon, but none of that in use here - all foreign. I can't make sense of much of the form.
Minded to write a letter to Lloyds and simply say, "Can confirm we are not resident for US tax purposes, and no trustees are either."
Thoughts on that? Thanks.
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