Comparing apples and oranges is a good point here.Hello,
While I agree with the point that your making, let's not forget that we are comparing apples and oranges here, when we compare Revolut to "land based banks".
There are lots of things that our traditional banks can learn (and copy) from the likes of Revolut, but they'll never be the same.
An Irish customer has nothing to do with their Lithuanian banking licence. That's a separate entity.Presumably their customer onboarding obligations in Lithuania for this are much more relaxed than they are for a full banking Ireland
An Irish customer has nothing to do with their Lithuanian banking licence. That's a separate entity.
I came to this conclusion, so I sent revenue a note via myaccount enquiry last year. Which they acknowledged.Quick question . Under revenue rules if you open an "overseas" bank account you have to tell revenue
Is this a requirement for Revolut and N26 accounts as well ?
Thanks
Returning to this topic I am unclear
N26 has a German banking licence but is regulated by the Irish central bank. As such if you open an account in Ireland do revenue really regard it as an offshore account?
Can't really see a clear answer on this...
Right so all of the 500000 people who have revolut or n26 in Ireland should be telling revenue?
Precisely.Right so all of the 500000 people who have revolut or n26 in Ireland should be telling revenue?
N26 certainly did ask me for the PPS number at some point to clarify tax residency.
They will report to Revenue and give the PPS number
How does a PPSN clarify your tax residency?
Lots of non-resident people have them.
I would say 200k of them were friends playing online poker with each other over the last couple of months
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