In October 2010, an agreement was signed to start negotiations for an agreement that will tax undeclared british accounts in Switzerland and share more information on tax and banking information between the two states. The agreement will strengthen, inter alia, cross-border cooperation in tax matters and improve banks` access to market access. Negotiations began in early 2011 and the agreement was signed on 6 October 2011. A protocol was signed on 20 March 2012 to clarify the outstanding issues. The transfer tax agreement between Switzerland and the United Kingdom was terminated on 1 January 2017 due to the entry into force of the agreement between Switzerland and the EU on the automatic exchange of information in tax matters. For more information on this topic, please click on the following links. The United Kingdom has concluded a series of bilateral tax cooperation agreements through the exchange of information. Article 2 contains a declaration on the effect and content of the provisions of the Amending Protocol (“the Agreements”). The preamble to the Convention and the articles of the Convention concerning general definitions, affiliated undertakings, dividends, interest, royalties, other income, the elimination of double taxation and mutual agreement procedures are amended. An article on entitlement to benefits is added to the agreement. The Federal Council`s decision is implemented in bilateral double taxation agreements. The greater scope for the exchange of information will only have practical effect when the renegotiated agreements enter into force. It is also necessary to adapt the agreement with the EU on the taxation of savings.

The United Kingdom has reached a reciprocal agreement with a number of countries on the European Directive on the taxation of savings. The UK has also concluded a number of non-reciprocal agreements under the EU Savings Tax Directive. S.I. 1978/1408; The provisions laid down in that order were amended by the provisions of Shedules to S.I. 1982/714, 1994/3215, 2007/3465 and 2010/2689, and supplemented by the Agreement set out in list p.I. 2012/3079. The Ordinance has not been the subject of any tax information or a tax, as it gives effect to a double taxation convention. .