UK: LIVE INVESTIGATIONS FOR FAILURE TO PREVENT CRIMINAL TAX EVASION

On 10 February, HMRC issued a news release saying that, following a number of requests made under the Freedom of Information Act on this subject, it was publishing statistics on relevant compliance activities.  The Corporate Crime Offence (CCO) for the failure to prevent the facilitation of tax evasion were introduced by Part 3 of the Criminal Finances Act 2017.  As at 31 December, HMRC had 9 live CCO investigations with a further 21 opportunities under review across 10 different business sectors, including financial services, oils, construction, labour provision and software development.  These investigations and opportunities sit across all HMRC customer groups from small business through to some of the UK’s largest organisations.

https://www.gov.uk/government/publications/number-of-live-corporate-criminal-offences-investigations/number-of-live-corporate-criminal-offences-investigations

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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