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.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said