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Consultation launched on scheme to counter cross-border tax evasion by individuals.

Publication: M2 Presswire
Publication Date: 30-JUN-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 June 2003-UK Government: Consultation launched on scheme to counter cross-border tax evasion by individuals(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:06302003

A consultation on the collection of information on the payment of savings income to overseas residents was published today on the Inland Revenue's website. This will enable the UK to implement the European Directive on the Taxation of Savings, which was adopted at a meeting of the ECOFIN Council on 3 June.

Announcing the consultation, Paymaster General Dawn Primarolo said: "Automatic exchange of information between tax authorities, on as wide a basis as possible, is the best way to combat cross border tax evasion on...

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