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Follow on Google News | The "Liechtenstein Disclosure Facility" (LDF) offers tax amnesty opportunities for UK clientsKaiser Ritter Partner offers advice and services relating to the latest tax amnesty opportunities for UK clients in the Principality, based on Liechtenstein’s agreement with the UK
By: Kaiser Ritter Partner Management Services Her Majesty's Revenue and Customs (HMRC) reached an agreement with the Liechtenstein Government to establish the LDF program, providing the most favourable process that allows UK taxpayers to clear up their past-due UK tax liabilities. Until 31 March 2015 UK taxpayers will have the option of paying their liabilities by calculating them at a single composite rate of 40% on the income with limited deductions or reliefs (if any) or of calculating their actual liability under normal UK tax rules. “This makes Liechtenstein very attractive to Swiss banks and asset managers too, because British client deposits linked to Liechtenstein benefit from the unique conditions set out in the agreement with the UK and can continue to be managed for the long term in Switzerland,” The Liechtenstein- In addition to individual tax-compliant solutions for UK clients and their advisors, Kaiser Ritter Partner offers services tailored to the special needs of US taxpayers, including the guidance they need to resolve their individual tax situation (IRS voluntary disclosure). “We also have solutions for German clients and are currently developing similar concepts for ten other countries,” explains Mr Ochsner. 2,416 characters # # # About Kaiser Ritter Partner The Kaiser Ritter Partner Group is a wealth management group created by merger in 2006. It includes a Liechtenstein private bank (founded 1977) and a leading fiduciary company (founded 1931). The wealth management group maintains an international network of experts, and it specializes in tax conformity and responsible investing. Based in Vaduz and Zollikon-Zurich, the group has 300 employees and looks after 8,000 mandates and CHF 28 billion of assets. End
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