---
title: LDF Update
description: LDF Update
---

[Tax Advisory Partnership - Blog ](https://blog.taxadvisorypartnership.com)

# [LDF Update](https://blog.taxadvisorypartnership.com/blog/current-affairs/ldf-liechtenstein-disclosure-facility-single-charge-rate)

 Written by [Julian Brooks](https://blog.taxadvisorypartnership.com/author/julian-brooks) | Aug 18, 2014 11:00:00 PM

 Liechtenstein and the UK have signed a fourth joint statement updating the Liechtenstein Disclosure Facility (LDF). Our [previous article here](https://www.taxadvisorypartnership.com/blog/newsletter/liechtenstein-disclosure-facility-declare-undisclosed-income-assets/?hsLang=en) summarises some of the detail of the LDF, and little has changed in this regard. The key announcements are:

- a ‘Single Charge Rate’ (SCR) of 50% to reflect the top rate of UK tax for the 2011-12 and 2012-13 tax years; and
- some specific limitations on an individual’s eligibility to make a disclosure under the LDF, or to access the some of its terms.

Generally, however, HMRC seem pleased with how the Facility has been working to date: 5,800 people and companies have now registered to participate in the LDF, more than 5,200 disclosures have been received, and the LDF has raised more than £1 billion from settled cases and payments on account.

The LDF is set to run until 2016 and in many cases continues to represent a efficient route to correct a UK tax irregularity. If you are concerned about a potentially undisclosed UK tax liability, please [contact us](https://www.taxadvisorypartnership.com/contact/?hsLang=en#map) to speak to an adviser in this regard.

[View full post](https://blog.taxadvisorypartnership.com/blog/current-affairs/ldf-liechtenstein-disclosure-facility-single-charge-rate)

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