HMRC to miss target unless LDF sees ‘dramatic’ pickup


The Liechtenstein Disclosure Facility (LDF) must see a “dramatic” influx in declarations or HM Revenue & Customs will fail to meet its £3bn target, says a leading tax specialist.

Peter Carnell, consultant at Sovereign Group, said he was “surprised” that the LDF has so far raised just £1bn in regularised tax across 5982 declarations, since it opened in August 2009. More…

 

Contact the Author
Get in Touch

Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.