More than 700 individuals with previously undisclosed offshore accounts have signed up to the Liechtenstein Disclosure Facility (LDF).
To take advantage of the generous terms of the LDF you do not have to have a bank account in Liechtenstein at present. In fact the “secret” terms of the deal mean that most UK taxpayers with undisclosed bank accounts anywhere in the world, can use it: and make massive savings in tax, interest and penalties.
The taxman’s previous update on the LDF reported that 419 had come forward by March 2010. HMRC say that the steady increase in numbers shows that the amnesty is working.
Worried about an offshore bank account?
Lynam Tax Enquiry Experts have substantial experience of the key issues. We are helping many clients and their agents with the current tax amnesty.
*For a free, private, no obligation consultation, don’t delay, call Paul Lynam today: on 0845 643 9997