The government has announced restrictions to the Liechtenstein disclosure facility (LDF), in an effort to stymie misuse of the long-running tax ‘amnesty’.

The clampdown on access follows fears that firms that had set up employee benefit trusts with the intent of avoiding tax were using the LDF to settle their affairs with HMRC without risk of severe sanctions.

The category of people who cannot enter the alpine disclosure opportunity will not change, but terms that can lead to a reduction to tax paid will be …