30 March 2010 - Skipton International Beats Offshore Opposition to top Business Moneyfacts Award
Skipton International scooped first place in the prestigious 2010 Business Moneyfacts awards for Best Offshore Business Deposit Account Provider, beating off strong opposition from other banks in Guernsey, Jersey and the Isle of Man. Scott Carre, Skipton International's Relationship Manager, was on hand to collect the top award from event host, Bill Turnball, presenter of BBC Breakfast, at the ceremony held at The London Marriott Hotel Grosvenor Square on 25 March.
The Business Moneyfacts Awards are a much awaited fixture in the international and domestic UK banking calendar. Business Moneyfacts gathers and publishes data on a daily basis on all the major business savings and mortgage products offered by banking organisations both offshore and in the UK. Business Moneyfacts "Best Buy" tables are an independent industry benchmark, which all banks watch closely. Skipton International won the top prize because of the consistently attractive interest rate it has offered on its Business Account over the past 12 months.
Created initially for brokers and professional intermediaries holding client funds, the account has also been popular with trusts companies and small businesses wishing to invest surplus cash in a low risk, easy access account. Skipton International has also gone to great lengths to make their business accounts quick and easy to set up.
Commenting on the award, commercial director Jim Coupe said, "This is a very important award for us and our business clients and our staff can feel justly proud. We have always set out to offer consistently attractive and transparent accounts for both our business customers and our personal savers. This award from Business Moneyfacts' independent research offers a strong endorsement of that strategy, coming as it does on top of our Moneyfacts commendation received last year in respect of our International Notice 90 Account."
Skipton International Ltd offers a range of sterling, euro and US dollar personal and business accounts and is part of Skipton Building Society, the fourth largest in the UK with over £15 billion assets. Skipton International is a leading provider of mortgages in Guernsey, Jersey and Alderney.
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European Union Savings Tax Directive
Information for all EU Residents (including the UK)
This communication outlines the changes implemented, by the Government of Guernsey, on 1 January 2011, to the EU Savings Tax Directive ("The Directive").
Automatic Exchange of Information
If you are resident in the EU (including the UK) gross interest will be paid to you and be subject to an automatic exchange of information with The Guernsey Income Tax Authority. This report will detail your full name, postal address, account number/s, date of birth, place of birth, tax identification number (if known) and the amount of interest added to your account/s. Thereafter this will be forwarded to the tax authorities in your country of residence.
If you are deemed to be "non-domiciled" for tax purposes in your country of residence, we may be able to pay you gross interest without the need to submit an exchange of information report. To arrange this we require confirmation of your tax status, e.g. a letter issued by the tax authorities in your country of residence or accountants.
Non EU residents will continue to receive gross interest and it remains the responsibility of individual investors to disclose the interest earned on their accounts to the relevant tax authorities.
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