« | 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

    • fbkun on Justice for Théo: Polls show that more than half of French police(wo)men vote for the Front National. Quelle surprise...
    • jcscott on The Deep State: How we get rid of Trump is at least as important as whether we get rid of him. The best would be a progressive landslide election in 2020 repudiating ...
    • Oliver Miles on Shambles in Court: A very difficult problem, almost insoluble. Many people are quite unaware of it and just assume that if there is an interpreter there is no problem. I...
    • michael bosley on Arguing with Strangers: Meanwhile, in the UK, cuts in sexual health services are being made by stealth, with hardly any public/political debate. As a report by the Advis...
    • Mat Snow on Not So Innocent: Agreed. But I suspect that when Trump does meet Putin, such pressing issues as international terrorism, nuclear proliferation, drug trafficking and ot...

    RSS – comments

  • Contact

  • Blog Archive

Advertisement Advertisement