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The revenue from HMRC’s Liechtenstein disclosure facility (LDF) is likely to fall significantly short of its £3bn target, according to solicitors Irwin Mitchell.

The expected yield was £1bn at the initiative’s launch in September 2009, but the Revenue tripled the forecast after raising £140m in the first 19 months.

It is time for a general tax amnesty

"Historic" anti-evasion deal set to take effect as scheduled

200,000 more taxpayers to come under scrutiny

Disclosure initiative clarified by third memorandum of understanding

Revised agreement sees rise in payment limits

LDF given one-year extension as DTA is signed

Intermediaries' notification deadline extended

More taxpayers expected to be scrutinised in shorter time

'A clear indication HMRC are stepping-up fight against evasion'

'Many individuals won't register until last minute'

JONATHAN LEVY and MATTHEW GREENE summarise the likely course of an HMRC criminal investigation

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Readers forum: Claiming pre-registration input tax Practice tip: 19 December 2024 New Queries: 19 December 2024 Readers’ forum: Should I advise my client to declare income? Readers’ forum: Pension scheme set up as discretionary trust?

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Automated tracking system for taxpayers could save £36m a year, study shows Welsh income tax rates are unchanged Business expenditure on R&D rises in 2023 HMRC targets landlords who may have undeclared rents Lump sums cannot be returned to pension scheme

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Deadline dates for January 2025

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No extenuating circumstances to extend deadline Delay in issuing penalties was no excuse for late return Sales of occupation income avoidance rules apply Whole of settlement was not subject to tax Payments were taxable as earnings

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Readers forum: Claiming pre-registration input tax No extenuating circumstances to extend deadline This week's opinion: 19 December 2024 Automated tracking system for taxpayers could save £36m a year, study shows Welsh income tax rates are unchanged

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