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Extending Liechtenstein tax amnesty an “important development”

Giving ultra-high net worth families and individuals in the UK more time to come clean about their assets in Liechtenstein is an “important development”, according to a top legal expert.

Giving ultra-high net worth families and individuals in the UK more time to come clean about their assets in Liechtenstein is an “important development”, according to a top legal expert.

But Philip Marcovici, a former partner at Baker & McKenzie, told CampdenFB that waiting until the end of the deadline to disclose tax arrears could be “dangerous”.

According to HM Revenue & Customs, wealthy individuals in the UK, including heads of family businesses, have until April 2016 to give details about any hidden money in the tax-friendly Alpine principality.

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