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Changes made to tax agreement between UK and Switzerland

Changes have been made to the tax agreement between the UK and Switzerland in respect of undisclosed Swiss bank accounts held by UK taxpayers. Under the revised terms, the upper limit of the one-off payment due on cash balances has been increased from 34% to 41%, while the lower limit has risen to 21% from 19%. 
 

 

 

 

 

Date: 24th April, 2012
Author: Lisa Spearman

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