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Are building societies registered for VAT purposes?
Building societies are generally not registered for VAT purposes because they primarily engage in activities exempt from VAT, such as providing financial services. However, they may be required to register for VAT if they undertake taxable activities, such as selling goods or services that are not exempt. It's essential for each building society to evaluate its specific activities and consult with tax professionals to determine its VAT obligations.
You are a student Do you need to provide proof of identity to open a savings account?
You shouldn't need proof of identity to switch to a different account with the same provider. But, if you open a savings account with a new provider, there are strict money laundering rules designed to prevent the recycling of money from drugs, crime, terrorism, and so on. The bank or building society must check you are who you say you are and that you live where you say you do, so they will ask you to provide separate proofs of identity and address. Official documents are preferred. You may need more proof for phone or internet accounts.
When can a bank freeze your account?
Yes. The bank can freeze any account that is held by a customer with the bank. But, this does not happen at the banks wish. Usually a legal order by law enforcement agencies (police or cops) is required to do so. Usually cops and federal authorities freeze bank accounts of terrorists and known malicious elements of the society.
How does business and accounting affect the society?
how does business and accounting affect in the society
Accounting is ingrained in our society and it is vitalnd note only?
Accounting is ingrained in our society and it is vital
What happened to the burnley building society?
The Burnley Building Society was created in 1850 in Lancashire England. It was a preservation society that merged with Abbey National in 1996.
What bank accounts are available at the Halifax Building Society?
The Halifax Building Society, located in the United Kingdom, has mortgages and savings accounts to help people with their finances. The Halifax Building Society in 1853 and is a division of the Bank of Scotland.
What type of society is the Portman Building Society in the UK?
The Portman Building Society was a mutual building society in the UK. They provided mortgages and savings accounts to UK consumers. In 2007 Portman merged with the Nationwide Building Society.
What happened to Woolwich Building society Share Accounts?
The Woolwich Building Society officially merged with Barclays Bank in 2000. As a result, Woolwich Building Society share accounts were converted into Barclays share accounts. Woolwich shareholders became shareholders of Barclays and their shareholdings were automatically transferred.
What happened to the gateway building society?
the gateway was taken over by the woolwich building society, and then in turn by Barclay's bank who currently hold any previous accounts
What type of products does Woolich show?
Woolwich is a building society. It has products such as current accounts, savings accounts, mortgages and loans. It is one of the best known building societies in the UK.
What products does Yorkshire Building Society provide?
The Yorkshire Building Society is one of the largest building societies in the UK. Insurance products, mortgages, loans and saving accounts are a few of the products that they have to offer.
Where is the dunfermline building society?
The Dunfermline Building Society is located in the United Kingdom, and offers many financial services, including loans, and mortgages, as well as savings accounts.
What does the Furness Building Society do?
The Furness Building Society is a business and financial industry. They handle mortgages, savings accounts, retirement planning, and general loans. They are based in the United Kingdom.
What kind of service does Chelsea Building Society offer?
The Chelsea Building Society is a bank in the United Kingdom. They provide mortgages, savings accounts, and insurance, and financial advice for their customers.
How does the quality of a Yorkshire building compare to a traditional building?
There is no such thing as a "Yorkshire Building". The Yorkshire Building Society offers savings accounts, insurance products, mortgages and loans in the the United Kingdom.
Where can one find money market accounts online?
One can find money market accounts online through bank's online websites such as RBS, HSBC, Halifax, Lloyds TSB and so on. In addition, savings accounts can be opened through the Coventery building society, the M&S bank and the Earl Shilton building society which all offer some of the best interest rates. These companies may not offer online services though.
