« | Home | »

Lloyds apologises

Tags: |

Lloyds Bank has been fined a record £28 million for ‘serious failings’ in its ‘seriously flawed’ sales practices. Lloyds says it ‘recognises that its oversight of these particular schemes during the period in question was inadequate and apologises to its customers for the impact that they may have had.’

Last month, the bank wrote apologetically to its offshore customers to let them know that it would no longer be able to aid and abet them in their criminal activities. Of course it didn’t really say that. What it said was:

HMRC in the UK has announced tax Disclosure Facilities with the governments of Jersey, Guernsey and the Isle of Man (‘Crown Dependencies’) to provide an opportunity for eligible persons to bring their UK tax affairs up to date in advance of an automatic exchange of information between the governments.

Receiving this letter does not imply that you, specifically, need to take action, or that your tax affairs are not in order. You should consider whether this letter is relevant to you. If you are unsure, you should speak to a professional tax adviser or HMRC.

In other words: we’ve washed our hands; have you?

Comment on this post

Log in or register to post a comment.

  • Recent Posts

    RSS – posts

  • Contributors

  • Recent Comments

    • jayavarman on How to Rig an Election: Before US election day 2000, Jeb Bush's Florida government disenfranchised a large number of voters in primarily Democratic districts, though it still...
    • Harry Travis on How to Rig an Election: Mr. Newey's comment is exceptional, noting the non sequitur nature outrage by the US Establishment and especially the liberal US press. Trump, with hi...
    • ikp on Maddening, Fiendish, Formidable: To buy Nemo from the USA, email your order to the editor at ikp1000@cam.ac.uk. You can pay with PayPal.
    • thebears on How to Rig an Election: Can't comment on accuracy, but this certainly aspires to tell you how the Congressional races are looking: http://www.realclearpolitics.com/epolls/201...
    • Jeremy Bernstein on How to Rig an Election: As a physicist who has followed closely nuclear arms proliferation I have noted and commented on in print on Trump's willful ignorance of the subject...

    RSS – comments

  • Contact

  • Blog Archive

Advertisement Advertisement