UK and Switzerland sign Protocol on Exchange of Information on 7 September 2009
A Protocol to the Double Taxation Convention between the UK and Switzerland (PDF 36K) was signed in London on 7 September 2009 by Switzerland's Ambassador, HE Alexis Lautenberg, and the Financial Secretary to the Treasury, the Rt Hon Stephen Timms MP.
Switzerland announced on 13 March 2009 that they would implement OECD standards on information sharing:this Protocol updates the exchange of information Article of the existing Convention to bring it into line with current OECD standards. The text of the Protocol will shortly be presented to Parliament for approval.
The Protocol will enter into force once both countries have completed their legislative procedures and will take effect for tax years beginning on or after 1 January of the calendar year following its entry into force.
