London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

EU directive on savings income

The directive requires member states to exchange information automatically to enable interest payments made in one state to residents of another state to be taxed in the state of tax residence.  It should enable member states to clamp down on tax fraud and evasion.

The directive covers savings income and products that generate interest or equivalent income, including life insurance contracts and investment funds.

Member states have until 1 January 2016 to adopt the necessary legislation to comply.

 

 

Date: 16th April, 2014
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Mercer & Hole’s @GudgionJa progress in @CelebJustDance - Not much longer to Waite now….. bit.ly/2gqZOZq @MKDonsSET

Mercer & Hole’s Michael Lapham impresses at the @MoneyMgmtMag Financial Planner Awards bit.ly/2yw3Ieetwitter.com/i/web/status/9…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn