Please tell me what other information the Expert needs from me.
You have given me NO answer and I have already paid.
What is happening?
With the new FATCA legislation (hope you know about that) Barclays said I needed to get my US tax filings up to date as I have been living in the UK for 50 years and didnt know I should have filed returns altho I never worked there or had other assets there.
Barclays told me I needed my own US accountant which I hired and paid for some of their work. But last February Barclays told me they had their own accountant and US tax expert working on it.
They stopped any payments I was getting from the trust account and over the next 6 months kept saying the work was nearly at an end.
Finally 2 months ago they announced their "investigation" was finished and my US tax responsibility was nil.
So I had to pay my own accountant and had no incoming funds from the trust to live on.
What can I do?
I had a US accountant in London working to file my US tax returns.
They discussed it with barclays.
But then as I said, last February Barclays said they had their own accountants working on my situation. Neither my US London accountants nor I understood why they were doing this.
Last month they told me the bill for their investigation is £55,000.
Why did they investigate me when theyd discussed with the US accountants they were preparing my tax filings for me.
Thank you Alex. Yes Barclays are deducting the fees for their accountants from my trust.
As you know This FATCA legislation sprang up over the last couple of years so I know Barclays Jersey were getting in line for it with their clients. All offshore banks had to do this or suffer a huge fine.
So obviously they got their people in, and investigated me.
As I said they spoke with my US accountants in London who were preparing my tax filings. So they knew this but carried on with investigating my trust with their own "forensic" accountants and an American one; are now deducting the $55,000 from my account.
This seems outrageous to me.
But why did they carry on with it when they knew my accountants were doing it; and then charge me $55,000? Do I have a case against them?
I look forward to your reply.