Building a defence

Annis Lampard examines the corporate criminal offence for failure to prevent facilitation of tax evasion and considers the six most important risks

The new corporate criminal offences for failure to prevent facilitation of tax evasion, expected to come into force from 1 September 2017, affect all UK and non-UK corporates and partnerships. Under HMRC guidance companies and partnerships are expected to be able to demonstrate senior-level involvement in preventing facilitation of tax evasion. Time is short for businesses still needing to consider how to act in relation to these measures.

This article covers the background to the introduction of the new corporate criminal offences, a summary of the sanctions involved under the measure, how businesses may fall within scope of these and a discussion of the potential impact of the corporate criminal offences on different sectors.