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Tax health plan
HMRC is increasingly looking to tackle perceived high tax risk areas through the use of campaigns, possibly using the same methodology that they had successfully developed to support the recent tax 'amnesties'.
HMRC confirms that if offshore funds not opened via UK sited account, LDF is available
The opportunity to disclose ten years' tax liabilities and not the normal 20, with a fixed 10% penalty and a guarantee of no prosecution, is encouraging many people with undisclosed funds offshore to think about coming forward under LDF.
New agreement between UK and Liechtenstein
HMRC announce the launch of a Liechtenstein specific disclosure opportunity.
HMRC powers and penalites
New HMRC powers and penalties legislation came into force from 1 April 2009.

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