**The UK is expected to sign a deal to recover lost tax from Britons holding bank accounts in Liechtenstein.**HM Revenue & Customs (HMRC) is to sign an agreement with the Alpine tax haven to start a exchange of information.
Up to 5,000 British investors have an estimated £3bn stashed away in secret accounts in the country.
Investors are expected to be offered the chance to volunteer details of their deposits in return for limited penalties and low risk of prosecution.
More details of the deal with Liechtenstein’s royal family and its government will be announced later on Tuesday.
Pressure has mounted on tax havens to share information since April’s G20 Summit and similar deals have already been struck with the US and Germany.
The small principality between Switzerland and Austria is renowned for the secrecy that shrouds the financial affairs of rich investors.
It was once considered to be among the most secretive jurisdictions in the world.
Governments are particularly keen to trace and recover unpaid revenues as tax receipts fall in the global recession.