The Government of the Principality of Liechtenstein (Liechtenstein) and the Government of the United Kingdom of Great Britain and Northern Ireland (UK) have signed an Agreement on Tax Information Exchange (TIEA) on 11 August 2009. The Government of Liechtenstein and Her Majesty's Revenue and Customs (HMRC) have also signed a Memorandum of Understanding Relating to Cooperation in Tax Matters (MOU) on the same day. The MOU concerns the introduction by Liechtenstein of a five year taxpayer assistance and compliance program as well as the introduction by HMRC of a five-year special disclosure facility for persons wishing to regularise their UK tax affairs.
The TIEA does only fulfil the OECD criteria according to article 26 of the OECD tax convention as from 1 April 2015 on....
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