EU Savings Tax Directive (Hansard, 13 June 2003)

§ Mr. Rosindell
To ask the Chancellor of the Exchequer (1) if he will make a statement on the decision-making process regarding who will decide whether overseas and dependent territories should implement the EU Savings Tax Directive; [115336]
(2) whether Bermuda will be excluded from the EU Savings Tax Directive. [115318]

§ Dawn Primarolo
I refer the hon. Gentleman to my reply to the hon. Member for Ribble Valley (Mr. Evans) on 12 December 2002,Official Report, column 475W.

§ Mr. Rosindell
To ask the Chancellor of the Exchequer what plans the Treasury has to undertake an assessment on the impact of the EU Savings Tax Directive on the UK"s Overseas Territories. [115337]
193W

§ Dawn Primarolo
The Government keep under review the impact of all international developments on the Overseas Territories.

§ Mr. Rosindell
To ask the Chancellor of the Exchequer if he will list the agreements the EU has made with Switzerland in exchange for her signing up to the EU Savings Tax Directive. [115338]

§ Dawn Primarolo
Formal links between the EU and Switzerland are governed by separate agreements. 73 such agreements have been signed since 1956. There are currently negotiations at different stages of progress on 10 agreements, one of which concerns the taxation of savings.

§ Mr. Rosindell
To ask the Chancellor of the Exchequer which overseas territories have expressed a position to the Treasury on the EU Savings Tax Directive; and what those positions are. [115339]

§ Dawn Primarolo
All overseas territories covered by the Feira agreement have expressed a position to the Treasury on the EU Directive on the Taxation of Savings. Anguilla, the British Virgin Islands, Montserrat, and Turks and Caicos Islands have all made commitments to introduce automatic exchange of information. The Cayman Islands Government has not made such a commitment.

§ Mr. Rosindell
To ask the Chancellor of the Exchequer what assessment he has made of the impact of the introduction of the EU"s Savings Tax Directive on the competitiveness of Britain"s Overseas Territories. [115664]

§ John Healey
I refer the hon. Gentleman to the reply my right hon. Friend the Paymaster General gave to the hon. Member for Ribble Valley (Mr. Evans) on 12 December 2002,Official Report, column 475W.