Govt extends Liechtenstein tax deal as 2,000 'fess up

The UK taxpayers contacted HM Revenue and Customs (HMRC) after the UK authorities first struck the disclosure deal with the government of Liechtenstein in 2009. By confessing, the individuals face penalties amounting to just 10% of the tax they have evaded. Tax officials said that the numbers exceeded their expectations. The LDF is an agreement with the UK and Liechtenstein governments, in which UK taxpayers with unpaid tax linked to assets in Liechtenstein can declare that tax and settle their bill with Her Majesty's Revenue and Customs (HMRC). The LDF has run since 1 September...