ARTICLE · 16 APRIL 2013

Weekly Tax Update - 2 April, 2013

Smith & Williamson

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A discussion on the most recent tax updates.

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Smith & Williamson

1 General news

1.1 Finance Bill 2013

The draft legislation for Finance Bill 2013, actually known as Finance (No 2) Bill (as it is the second Finance Bill of this sitting of Parliament), can be found via following link: www.publications.parliament.uk/pa/bills/cbill/2012-2013/0154/13154.pdf

1.2 Liechtenstein Disclosure Facility (LDF)

We have received the following letter from HMRC. "It is not uncommon for LDF disclosures to be submitted with elements missing. This results in unnecessary delays whilst the Single Point of Contact (SPOC) pursues the relevant items. I am therefore writing to you to advise you of the more robust stance we will be adopting with effect from 1 April 2013 when determining whether a disclosure certificate can be issued in an LDF case.

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