How does the Taxman know how much is in your bank account?
Are the banks required to disclose this information to HMRC? I regularly make deposits into a savings account from part time jobs, as I am a student. Am I required to disclose this for tax purposes?
United Kingdom - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
yes you are obliged to disclose everything to the tax man. if suspicious the HMRC can access any records they please. If you are a student you should be exempt from paying tax - check that out first. i work for a payroll company and all my students don't pay tax good luck x
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