FINANCIAL services firms will have an extra six months to prepare for the European Union savings tax directive.
The European Commission has confirmed that the deadline of 1 January 2005 has been pushed back to 1 July, to allow all EU members and ‘third’ countries to comply, in particular Switzerland.
Finance industry spokesman Phil Austin said it was his understanding that a high level group from the European Commission had recommended the deadline should be extended.
Article posted on 25th June, 2004 - 12.00am
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