The list of regulations contains a protocol (“amending protocol”) which amends an agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Swiss Federal Council (“the Convention”). 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. S.I. 1978/1408; the provisions laid down in that order were put in place by the shedules to S.I. the Commission of the commission`s opinion. 1982/714, 1994/3215, 2007/3465 and 2010/2689 and supplemented by the Agreement set out in the Annex to S.I.
2012/3079. 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. In addition to this impressive list, treaties between Switzerland and Pending are awaiting ratification: Costa Rica, Oman and Zimbabwe. Switzerland: Tax Treaty Details of tax treaties in force between the United Kingdom and Switzerland, provided by HMRC. The OECD Multilateral Agreement on the Implementation of Measures Related to the Tax Convention to Prevent Profit Reduction and Profit Shifting (BEPS) (the “Multilateral Instrument” or “MLI”) entered into force on 1 October 2018 in the United Kingdom and will have a fundamental influence on how taxpayers have access to the double taxation treaties (DTT) to which it applies. It will apply .B from 1 January 2019 to UK DTTs with territories that were also ratified before 1 October 2018, provided they are covered by tax treaties. .