UK TAXMAN ATTEMPTS TO CLARIFY AMNESTY ISSUES

Wednesday, October 14, 2009

UK chief taxman Dave Hartnett has tried to clear up the confusion for offshore account holders who try to disclose through the Liechtenstien Disclosure Facility (LDF) rather than through HMRC’s own New Disclosure Opportunity (NDO). Financial advisors were alledgedly encouraging  ”confused” offshore investors to use the LDF, said the HMRC permananent secretary for tax.

http://www.accountancyage.com/accountancyage/news/2251146/taxman-speaks-amnesty-confusion

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