Andrew Goldstone and Sarah Albury (Mishcon de Reya) report on recent updates in the private client arena, including: the proposed new strict liability criminal offence; changes to the LDF; the common reporting standard in the UK; strengthening DOTAS and the VADR; and the Presumption of Death Act.
Are changes to the Liechtenstein disclosure facility (LDF) necessary to combat abuse? Gary Ashford of the Chartered Institute of Taxation (CIOT) considers what prompted the changes and what they mean in practice, while Robert Levy, executive partner Kuits Solicitor in Manchester, comment on how this fits into the changing tax avoidance landscape.
HMRC has restricted the availability of the Liechtenstein disclosure facility (LDF). The restrictions are subject to three key exclusions; these are not as clear cut as one might think, writes Simon Airey, head of tax investigations, DLA Piper