Time to think about CCO

Samuel Dean explains the purpose of the Corporate Criminal Offence and how it is helping businesses play their part in tackling tax evasion

It’s just over three years since the Corporate Criminal Offence (CCO) for failing to prevent the facilitation of tax evasion came into force. Introduced as part of the Criminal Finances Act 2017, the CCO was part of a number of measures – it came into effect alongside the Common Reporting Standard – that were designed to clamp down on tax evasion both at home and abroad.