UK taxpayers with accounts in Liechtenstein will receive letters instructing them to settle their UK tax obligations or face having their accounts closed.
HMRC is to send letters to thousands of UK taxpayers with accounts in Liechtenstein. Taxpayers who have undeclared income in Liechtenstein based accounts are required to demonstrate they have complied with UK tax law, do not have a UK tax liability or to make a disclosure under the Liechtenstein Disclosure Facility (LDF).
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.