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27 Mar 2009
Thousands of British investors with up to £3bn stashed in secret Liechtenstein bank accounts will be asked to come forward voluntarily under a deal to be negotiated next week that could be the first of many worldwide, the Financial Times reported.
Lawyers said the Liechtenstein plan, discussed behind closed doors with the Paris-based Organisation for Economic Co-operation and Development, could serve as an international model for other tax havens seeking to avoid an OECD blacklist, according to the newspaper.
The offer is part of a planned second partial amnesty by HM Revenue & Customs offering taxpayers the chance to come clean about money hidden in offshore bank accounts in return for limited penalties.
The first tax amnesty in 2007 raised about £400m from UK holders of undeclared offshore bank accounts.
Further reading:
Trusts and partnerships targeted as banks put on notice of amnesty
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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