UK & Germany  have made an agreement with the Swiss authorities to tackle offshore tax evasion. It includes:-

One-off levy Ongoing withholding tax New provision to allow information to be shared between the Swiss and UK/German authorities

Swiss Banks and their banking systems face challenges in implementing this treaty, otherwise known as RUBIK within the timeframes set by the authorities

Ellis Financial Systems can help:

Historical Tax Reports available to allow your clients to make an informed decision as to whether to declare or pay the one-off levy. CGCalc calculation module could easily be integrated into a Banking System to provide seamless calculations for the one-off levy and on-going taxes TaxReporter module can provide the ‘Part 2’ and ‘Part 3’ certificates

For more detailed information on the treaty and how we can help please contact us.