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.


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