HM Revenue & Customs has shuffled its team of agents who handle Liechtenstein Disclosure Facility disclosures, to the frustration of some specialist tax experts who say they are now having to start from scratch in developing a working relationship with their counterparts at the Revenue.
UK taxpayers hoping to take advantage of the Liechtenstein Disclosure Facility tax amnesty scheme will have to deposit at least a fifth of their assets in a Liechtenstein institution, or CHF3m ($3.13m, 2.5m, £1.98m), from 1 Sept onwards, International Adviser has learned.
Cross-border tax specialist Frank Strachan and his two-member team have joined the Edwin Coe law firm, located in Londons Lincolns Inn district, from LSG Solicitors.
More than 2,400 people have come forward to disclose undeclared foreign assets through the Liechtenstein Disclosure Facility, according to HM Revenue & Customs, which says it may now bring in as much as three times the £1bn in revenue it was projected to.
HM Revenue & Customs has added a requirement that individuals looking to use the Liechtenstein Disclosure Facility provide greater proof that they have a meaningful connection to a Liechtenstein than was previously necessary.
The tiny Alpine micro-state of Liechtenstein has a message for the outside world: take another look.
UK taxpayers are finding they don’t need to move assets to Liechtenstein to make an LDF declaration
Liechtenstein has approved a key piece of legislation that will start the clock on LDF disclosures.
Liechtensteins Parliament is expected this week to unanimously approve a key piece of legislation.
The Alpine principality of Liechtenstein, known for secrecy, today unveiled a package of tax reforms
HMRC has issued fresh guidance over the suitability of using the Liechtenstein Disclosure Facility (LDF) versus New Disclosure Opportunity (NDO) after complaints that a lack of clarity could lead tax
