ARTICLE · 20 JULY 2015

Liechtenstein Disclosure Facility

UHY Hacker Young LLP

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With HMRC entering into a long succession of information exchange agreements, the chances of the tax man finding out about your offshore assets - whether in Liechtenstein, Switzerland or anywhere else - is now extremely high.

United KingdomTax

UHY Hacker Young LLP

With HMRC entering into a long succession of information exchange agreements, the chances of the tax man finding out about your offshore assets - whether in Liechtenstein, Switzerland or anywhere else - is now extremely high. When you are found out, HMRC can be expected to come down hard with significant penalties and criminal prosecution a very real possibility. If you have undeclared UK tax liabilities you have two choices: to wait until your turn comes (and it will come) or to get in first with a disclosure of relevant income and gains. If you are going to disclose, it usually makes sense to take advantage of the very generous terms of the Liechtenstein Disclosure Facility (LDF).

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