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But there is still time for practitioners to register clients.
The long-running Liechtenstein disclosure facility (LDF) will close to new registrations on 31 December 2015.
After more than six years since it opened in September 2009 I am still amazed at the general lack of awareness of the LDF in the accountancy profession both in relation to its existence and the ways in which it can be used.
I have put many clients through the process and it is a fine example of how advisers can interact with HMRC with numerous benefits for the client. The LDF suffered a major tinkering in 2014 but advantages remain. Its basic premise is that it is there to regularise undeclared tax liabilities. A key benefit is that its use is not restricted to those with offshore assets; a client with a wholly UK-based disclosure can potentially use the LDF.
