A factsheet to inform UK taxpayers with assets in Switzerland how the UK/Swiss Tax Cooperation Agreement might affect them has been published. The factsheet also outlines the action that can be taken to ensure that their tax affairs are brought up to date.

HMRC wish to stress that it is for guidance only and supplements the Frequently Asked Questions published at the time of the signing of the agreement. The terminology used in this factsheet does however have the same meaning given to it as that used in the agreement itself and associated documents, available on the HMRC website at www.hmrc.gov.uk/taxtreaties/ukswiss.htm