Accountants blast 'unfair' Liechtenstein amnesty

The Liechtenstein Disclosure Facility (LDF) announced as part of a raft of information sharing agreements between the UK and the principality, enables UK taxpayers to make a full disclosure of unpaid tax or face having their accounts closed, but on different terms to the NDO for other offshore account holders. The LDF, which will run from 1 September for five years, offers individuals the chance to settle up with a 10% penalty and going back only as far as a decade. By comparison, the harsher NDO which is also due to begin in September, asks UK taxpayers with investments in other offs...