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
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.