Lootman wrote: dspp wrote:
Lootman wrote:Nobody was suggesting being anything other than scrupulous with one's tax reporting. That is a separate issue from what address your bank has on file for you for postal purposes. And plenty of people have more than one address that they use anyway.
I am not aware that banks etc. routinely pass on information about your account to the taxman, other than upon request. As far as i know even consolidated tax certificates are not routinely sent to HMRC. And of course things like current accounts do not provide any income and so would have nothing to share anyway.
Well, now you are aware. They do.
Even if they do, so what? In the scenario cited, the only address used for UK financial stuff is the UK address you have chosen to use. So it will all sync up. As long as you are honest about your taxes then there is no concern.
The original poster (OP) is asking why many UK banks/brokerages are withdrawing from offering services to clients in EU countries, even to UK nationals.
Many here have explained that this is due to Brexit and the UK no longer being a member of the EU, and so UK businesses having to make cost/benefit decisions about whether they offer such services, and so many banks/brokerages withdrawing from that market.
You have raised the objection of "how would the EU govs and/or banks/brokers know", in other words individuals can just go ahead and open/operate accounts without disclosing all of their details to the bank/broker/gov. It has been pointed out to you that increasingly the banks/brokers (and govs) are becoming increasingly picky about how they phrase the disclosure statements, and that as a result individuals either fully comply, or lie, and that there is (or soon will be) zero grey area where one might not lie, and still avoid disclosure.
Furthermore it has been explained to you that banks/brokers must, and do, share information with EU and non-EU govs, and that the govs share information between each other. Even if you were not aware this was the case, you most certainly are aware now.
So .... it seems the OP's question has been answered, and that indeed the OP will struggle to achieve the same level of service in the post-Brexit world.
Or am I missing something and you do have a practical solution for the OP ?