HMRC IS OFFERING A GENUINE (ALBEIT PARTIAL) TAX AMNESTY. THIS IS
OPEN TO MOST PEOPLE WITH AN OFFSHORE CONNECTION, NOT ONLY THOSE
WITH FUNDS IN LIECHTENSTEIN
THE AGREEMENT
In 2009 H M Revenue and Customs (HMRC) announced a landmark
agreement with the Liechtenstein government which launched a unique
disclosure process called the 'Liechtenstein Disclosure
Facility' (LDF). The resulting Memorandums of Understanding
(MOU) between the two countries are designed to eliminate all UK
tax evasion with a Liechtenstein connection. The MOU also set out
the special terms and conditions for the LDF which can be used to
resolve tax compliance problems with any offshore element,
providing the individual can qualify (see below). The LDF is open
for new registrations until 31 December 2015. A new Tax Information
Exchange Agreement between the UK and Liechtenstein was also signed
in 2009.
