Liechtenstein Disclosure Facility (LDF)
A uniquely generous opportunity to legitimise untaxed funds was created for UK residents.
On 11 August 2009, the Government of the Principality of Liechtenstein (Liechtenstein) and the Government of the United Kingdom of Great Britain and Northern Ireland (United Kingdom) have signed a Tax Information Exchange Agreement (TIEA). The Government of Liechtenstein and Her Majesty’s Revenue and Customs (HMRC) have also signed a Memorandum of Understanding relating to the introduction by HMRC of a five-year special disclosure facility for persons wishing to regularise their UK tax affairs.
By participating in the LDF as soon as possible, UK taxpayers are given the possibility to settle their tax liabilities with the most favourable outcome currently available. Apart from the unique terms (short look-back period, low penalty) there is an assurance against criminal tax investigation.
Neue Bank AG is able to provide the guidance, assistance and support necessary for a successful LDF application as well as for long-term compliance and sustainable wealth and investment management.
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