Liechtenstein Disclosure Facility is a mechanism that allows those with undisclosed overseas assets to be compliant with HMRC, whilst paying limited penalties and with immunity from criminal charges. In this case study we assisted a non-UK EU national to normalise his tax affairs with HMRC.
HMRC is issuing Accelerated Payment Notices to companies and individuals who have undertaken tax planning such as those that feature Employee Benefit Trusts. Though the planning arrangement may still be subject to future litigation and has a good chance of being successfully defended through the courts, some businesses may decide they wish to settle with HMRC.
Whether you spot an error in your VAT return or the way in which a calculation has been made which impacts on the tax you owe, it’s worth speaking to one of our team so that they can help you make a voluntary disclosure so you can avoid any penalties. If you have overseas bank […]
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