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16 Aug 2010
More than 700 individuals with previously undisclosed offshore accounts have signed up to pay their tax bills through the Liechtenstein Disclosure Facility (LDF).
A senior figure at the taxman confirmed the latest numbers to Accountancy Age.
The taxman's last update on the LDF to March 2010 reported 419 had come forward, which was seen by some in the profession as a disappointing start.
However, senior figures at HMRC rejected this suggestion, adding that the steady increase in numbers is a clear sign that the amnesty is working.
Advisers expect another hike in activity when key legislation, requiring Liechtenstein banks to contact clients they believe may have undeclared UK tax liabilities, comes into force.
The LDF runs until 2015.
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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.
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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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