Information on 390 Liechtenstein bank accounts, supplied by the UK, is being
used by Italian authorities to investigate possible tax evasion.
The information, which dates back to 2002, has shown that the account holders
had not made correct tax returns, the FT reports.
Authorities were quick to stress that it was still not clear whether tax
evasion had taken place as it was unclear whether account holders had benefited
from tax amnesties offered after 2002.
The largest account held €400m (£315m) and the smallest €200,000. Several
politicians, entertainers and industrialists are believed to be among the
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy