Reply To: offshore bank account?

I live in the UK, and the UK banks market their offshore accounts for expatriates who have moved abroad, but still want to bank with a name they trust. If I hypothetically opened an offshore account, the only real liability is that I would need to declare any interest earned on it, on my next tax return, and then pay whatever tax is due. As the tax wouldn’t be deducted at source. That’s the only real thing to worry about to be honest. The tax on the interest. Other than that, in the UK at least, it isn’t an issue.