Wealthy Brits to pay UK tax on Swiss accounts

As much as £125bn is thought to have been hidden away in Switzerland by the rich, out of the reach of the Revenue, the Daily Mail reports. But under the new deal, they would now have to pay between 25% and 35% on the interest they earn on those accounts. Account holders will be given a certificate stating they paid tax on their Swiss accounts to show to the Revenue if any queries are raised. Britain has been negotiating with Swiss authorities for months and officials hope to announce a deal this week. But Revenue sources warned the deal might take longer since the technical negotia...