Do I need to declare an offshore bank account that earns no interest?

[greentree]

Quick question. I have an offshore back account with a 0% interest rate. All is legit, correct address etc. The money in it was transferred from my savings here.

Do I need to declare this anywhere to revenue?

Just want to make sure I'm keeping within the law.

Thanks!

 

[Gervan]

In any year in which you open an offshore bank account, you need to notify Revenue of the details.
This should be reported on Form 11. If you are a Paye employee, and do not normally make a tax return, the opening of the foreign bank account deems you to be a "chargeable person" required to make a tax return.