The article reports on the announcement made by Her Majesty's Revenue and Customs (HMRC) regarding a partial amnesty for all tax evasion including VAT, income and corporation tax and PAYE in Great Britain. The move is due to the need of HMRC to cope with an anticipated surge in the number...
The New Disclosure Opportunity (NDO) applies to anybody who has failed to pay tax on income arising from offshore assets, regardless of the country in which the asset is held. The Liechtenstein Disclosure Facility (LDF) is a separate facility to the NDO that applies specifically to income fr...