MTA Explains HMRC & Revolut: The Truth About Offshore Accounts for UK Taxpayers 2025-26 скачать в хорошем качестве

MTA Explains HMRC & Revolut: The Truth About Offshore Accounts for UK Taxpayers 2025-26

Many UK taxpayers believe digital banks and fintech platforms like Revolut operate outside HMRC’s reach. In this video, MTA (My Tax Accountant) explains the truth about HMRC and Revolut, how offshore and overseas-linked accounts are viewed by HMRC, and what UK taxpayers must disclose under the 2025-26 tax framework. MTA breaks down how HMRC identifies overseas accounts, what counts as an offshore account for UK tax purposes, and why using a foreign IBAN or app-based bank does not automatically place funds beyond HMRC scrutiny. The video explains how data sharing agreements, international reporting standards, and automated information exchange allow HMRC to access account data linked to UK residents. MTA also explains common misconceptions, such as assuming Revolut balances are invisible to HMRC, believing small amounts do not need reporting, or thinking overseas accounts only matter if money is transferred into the UK. The video clarifies when offshore accounts must be declared, how income, interest, and gains are taxed, and what happens if disclosures are missed or incorrect. The video also highlights the wider implications of offshore accounts for long-term financial planning. Under the 2025-26 environment, overseas assets and accounts can directly affect Excepted Estates and Inheritance Tax calculations. Failure to disclose digital or offshore accounts properly can complicate estate administration and trigger HMRC reviews long after the original transactions took place. MTA explains how HMRC assesses intent, the difference between innocent errors and deliberate non-disclosure, and the penalties that may apply. Practical guidance is provided on keeping records, understanding reporting thresholds, and knowing when professional advice is essential, particularly for taxpayers with multiple accounts, crypto-linked balances, or international income streams. This video is tailored exclusively for UK taxpayers searching for clarity on HMRC investigations, Revolut accounts, offshore banking, and tax disclosure obligations in 2025-26. Whether you use Revolut for everyday spending, hold savings abroad, or manage international income, understanding the rules can help you avoid penalties and remain compliant. For personalised advice on offshore accounts, HMRC disclosures, or wider tax planning for 2025-26, contact MTA (My Tax Accountant): Phone: 0208 5708531 Email: [email protected] Website: mytaxaccountant.co.uk Disclaimer This video is for general information only and does not constitute tax, legal, or financial advice. MTA (My Tax Accountant) aims to provide accurate and up-to-date information, but tax laws and HMRC practices can change and vary depending on individual circumstances. Viewers should seek personalised professional advice before taking action. MTA accepts no liability for any loss arising from reliance on this content. Hashtags #UKTax #HMRC #RevolutUK #OffshoreAccounts #MTATax #UKTaxpayers #HMRCCompliance #OverseasIncomeUK #TaxDisclosureUK #DigitalBankingUK #InheritanceTax2025 #ExceptedEstates #HMRCUpdates #UKAccountant