Treasury: Swiss tax dodge days are over

The new tax agreement between the UK and Switzerland means that account holders must either provide full details to HM Revenue & Customs (HMRC) or pay over a proportion of the money in their account and a future withholding tax. Exchequer Secretary David Gauke said:"The days when hiding money in Switzerland in order to evade tax are over. Burying your head in the sand is no longer an option. "The only realistic strategy is to talk to HMRC, as quickly as possible." Jennie Granger, HMRC director general, enforcement and compliance, said Swiss banks or accountants are writing to peopl...