Switzerland pays 500m francs to Revenue
Posted by mostafa on 30 January, 2013
No comments yet
This item was filled under Tax
HMRC have received the equivalent of £342m as part of the tax agreement between the UK and Switzerland, which came into force at the beginning of this month.
The payment of 500m Swiss francs is the first instalment of a levy on bank accounts held in the alpine country by UK taxpayers, to cover arrears on undeclared earnings.