Does Revolut report revenue or Balance at end of year? + My experience

[black2]

Hi

My experience with them so far maybe its somehow useful:
So I just signed up with Revolut last week, personal, all real info, very easy - drivers license + face image via app. Transferred about 1600$ from Paypal, no problems, tried to transfer to my personal bank acc in Northern EU, nothing happened for 6 days, finally, I tried to contact them and saw that they requested more info about the receiver, gave them very superficial answer, they said all good I can try again, tried again got refunded, by that time I've got credit card by mail so withdrew at atm about 1300$ all at once.

Their chat support is horrible, flipped out on them a couple of times already.

What does Revolut report to my tax man? Is it yearly revenue or balance at the end of the year?

 

[TurnedToRobot]

black2 said:
What does Revolut report to my tax man? Is it yearly revenue or balance at the end of the year?
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They will report your account balance to the tax man. Forget about tax free banking there unless you are using darks and can bypass the video verification.

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[Spinat]

You want to expect Revolut account balance to show up on your next tax declaration for 2020.

They are registered as a bank now so they have all kind of compliancy in place to report you and your account balance.

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