UK building societies, including the Nationwide, and former mutuals have become the latest HMRC targets in a crackdown on offshore accounts, according to newspaper reports.
The Nationwide says it is responding to demands from HMRC to hand over information on UK customers with offshore accounts, reports The Times. The news comes a week after HMRC secured an order demanding more than 308 institutions with business in the UK to surrender details of all offshore account holders. It is believed tens of thousands of Brits and expats have offshore accounts, many of whom use former mutuals, including Alliance & Leicester and Bradford & Bingley International. Nationwide initially warned it may not be able to comply with the order to disclose details of UK cust...
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