LDF tax amnesty criticisms are ‘balderdash’

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HMRC hits back at claims of ‘disappointing’ response to Liechtenstein Disclosure Opportunity.

Claims that the Liechtenstein Disclosure Facility (LDF) has been a failure are ‘balderdash’, said a HMRC spokesperson today.

Just 419 taxpayers registered for the LDF between 1 September 2009 – 31 March 2010, compared to 10,000 who registered for the New Disclosure Opportunity – a disappointing outcome for HMRC, according to commercial tax and law firm McGrigors.

The firm said it was yet another example of poor responses to HMRC disclosure initiatives, following news that only about 1,500 medical professionals had registered for a special tax amnesty – out of 30,000 believed to have undisclosed tax liabilities.

“There has been a...

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About Gina Dyer

About Gina Dyer

I've been a journalist for four years, writing on a wide variety of topics from business and finance to travel, culture and celebrities. I began my career as an editorial assistant for Palladian Publications, a B2B publisher specialising in technical magazines for professionals in primary industries. I later moved into consumer magazines as a staff writer for French Magazine, a monthly travel publication aimed at Francophiles, and was part of the launch team for The Traveller in France, a quarterly magazine produced for the French tourist board. I was also a regular contributor to online travel portal Homesworldwide.co.uk, and later worked with customer publishers Future Plus as a freelance production editor, before joining Sift Media in January 2009. I am currently Deputy Editor of AccountingWEB.co.uk.

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