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Originally Posted by dizbuster
That's right, a lot of people are now paying tax where they didn't use to on their savings. Even if you don't declare it, a lot of the banks now deduct the withholding tax before paying you the interest, i.e. you get interest nett of EU tax.
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I thought that people who were ordinarily resident in the UK only paid tax on on interest that was REMITTED to the UK. If I was to withdraw the interest whilst in LOS, it should be tax free.
Where does the deduction go to? EU or UK coffers? B@stards.
