More than 2,400 people have registered to disclose unpaid tax under the Liechtenstein Disclosure Facility (LDF) with £363 million already paid in tax bills, according to HM Revenue and Customs (HMRC).
The Liechtenstein Disclosure Facility (LDF) was signed in August 2009 and was originally scheduled to run from 1 September 2009 to 31 March 2015. It has since been extended to 5 April 2016. The yield of £363 million is made up of £296 million generated from settled cases and £67 million paid in cases not yet settled. The agreement allows investors in Liechtenstein who are liable to UK tax to legitimise their tax affairs for the past and ensure they are tax-compliant for the future. It is underpinned by a tax information exchange agreement, signed in August 2009, and by special legislatio...
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