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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Lynam Tax partners have a vast amount of practical experience in managing tax investigations and tax enquiries. We can advise you on the best course of action and if appropriate, help you manage any necessary disclosures, in order to obtain the optimum outcome for you, your business and your family.
*For a free, private, no obligation consultation, call Paul or Gemma Lynam today on 0845 643 9997