Liechtenstein Disclosure Facility
The UK taxman is being given details of bank accounts, and many other assets, managed in most of the so-called "tax havens"; following a series of landmark agreements, effectively ending offshore banking secrecy and offshore tax evasion.
HMRC had created a special "tax amnesty" for UK residents who had bank accounts or other financial assets in offshore jurisdictions. The so-called Liechtenstein Disclosure Facility closed for new registrations on 31 December 2015. However, a new opportunity to clear up past tax problems connected to non-UK bank accounts, companies, trusts and assets was set up by HMRC in Summer 2016: the Worldwide Disclosure Facility.
Disclosed and Worried?
Anyone who submitted a disclosure under the LDF may now be about to receive a tax investigation notice. If you submitted a disclosure to HMRC and you are worried that you might be subject to a Tax Investigation, or if the taxman has sent you a Tax Enquiry Notice, then you now need specialist help. If HMRC have not accepted your explanations then they have serious concerns - especially if the unit is now investigating you is the Fraud Investigation Service. A Tax Investigation can be wide-ranging, intrusive and extremely distressing. It would seem that the adviser who assisted with your initial disclosure has not sufficiently addressed HMRC's concerns. Now is the time to turn to experienced Tax Enquiry Experts.
Didn’t Disclose? Time’s running out!
On the other hand, you may have a bank account, trust, company, or other asset outside the United Kingdom but may not have applied for the LDF. Time is now running out before you receive an inevitable Tax Investigation. If you do not come forward now to make a voluntary "confession" then HMRC may prosecute you. There are still opportunities to enter into either the Worldwide Disclosure Facility to get the lowest penalties, or the Contractual Disclosure Facility to be guaranteed immunity from prosecution, and lower penalties. However, you do not have long before the inevitable brown envelope lands on your doormat. You need to get specialist assistance as soon as possible.
How can Lynam Tax Disclosure Experts help me?
Lynam Tax Enquiry Experts have a huge amount of experience of all the various Tax Amnesties. We successfully had scores of Liechtenstein Disclosure Facility cases accepted by HMRC without any challenge. We have been acknowledged by HMRC's Fraud Investigation Service unit as one of the UK’s leading specialists in using the Offshore Tax Amnesties. We can still help taxpayers with offshore assets and undeclared tax liabilities to take advantage of the exceptional terms available through other legal Tax Amnesties (including the Worldwide Disclosure Facility); and are already doing so for a significant number of clients, with the full blessing of HMRC.
Act now. Call Paul Lynam today on 0845 643 9997 - for a no obligation, confidential consultation.
* But Don't Delay! Time is running out!
Lynam Tax Enquiry Experts HELP ME?
- Offshore Bank Disclosures
- Contractual Disclosure Facility/ COP9
- Appeals / Tribunal Hearings
- Worldwide Disclosure Facility: Tax Amnesty
- Fraud Investigation Service
- Rental Income Tax Enquiry
- Business Tax Enquiry
We specialise in managing all Tax Enquiry, Tax Disclosures & Tax Disputes with HMRC.
We will help you throughout the Tax Investigation or Disclosure and save you money, so you can concentrate on running your business and enjoying your private life.
For a helpful, sympathetic, confidential and no obligation discussion: