HMRC ‘very pleased’ with LDF progress

HMRC say they are happy with the progress of their Liechtenstein Disclosure Facility.

Data showed that only 419 taxpayers had registered from 1 September 2009 to 31 March 2010; according to Taxation magazine.

The disclosure facility was launched by the taxman last Autumn and it will run until 31 March 2015. Penalties are limited to 10% of tax evaded where full disclosure is made.

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