WHY HMRC’S RELUCTANCE TO PROSECUTE COMPANIES FOR THE FAILURE TO PREVENT THE FACILITATION OF TAX EVASION MAY BE ABOUT TO CHANGE

On 3 July, a blog post from Corker Bining explains why, despite the lack of prosecutions to date, it is likely that there will be more cases on the horizon. It says that it is difficult to know why enforcement has been slow. However, as the cost of the pandemic is counted and the government seeks to rebalance the books, HMRC may well be directed to redouble their efforts and not shy away from deploying the legislative weapons at its disposal. HMRC’s current reluctance to prosecute the offence of facilitation of tax evasion (aka Corporate Criminal Offence or CCO) may be about to change.

https://www.corkerbinning.com/hmrc-prosecute-companies-failure-facilitation-tax-evasion/

 

 

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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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