UK-Swiss tax deal made more expensive
Posted by mostafa on 24 April, 2012
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This item was filled under Tax
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%.