A client has assets in Liechtenstein or wants to transfer assets to Liechtenstein and wants to make a disclosure under the LDF. Do I need to report this activity?
The LDF does not affect your legal obligations to consider whether you should make a report, accordingly you may satisfy yourself that you fall within the privilege exemptions and will not need to make a report. If you make a report then HMRC recommends that you add a note to say that it is linked to an intended disclosure under the LDF, and ask for a copy to be sent to the HMRC Liechtenstein Desk. This will enable HMRC to ensure that the LDF procedures are applied correctly.
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