banks and the tax man

[chippy-john]

"will the bank inform inland revenue if i withdraw �10,000"

[Ethel]

Maybe

"...... the banks and other financial institutions must report all "suspicious transactions". These include the making of unusually large cash deposits - that is, deposits larger than �10,000 - numerous deposits and withdrawals of cash, using night safes to make large deposits of cash"

http://www.seangabb.co.uk/pamphlet/monlaund.ht m

But probably not if it is a one off. The Inland Revenue will already be aware you have this money as you pay income tax on it, or have signed the relevant forms stating you shouldn't.

[EverClean]

Absolutely not.

If someone from your bank sees fit to report the withdrawal if they have suspicions about it then this will not be reported to the Inland Revenue - they have no part in Money Laundering Regulations at the point of reporting.

Any suspicions will be raised through the bank's internal channels to their Money Laundering Officer who if he/she deems necessary will report it to NCIS (National Criminal Intelligence Service) - a part of the Police.

However, as Ethel's link suggests, IR can request information from your bank.