½Û×ÓÊÓƵ

Corporate criminal offences

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

Corporate criminal offences

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
imgtext

This guidance note provides an overview of the guidance published by HMRC on the corporate offences of failure to prevent the criminal facilitation of tax evasion (often referred to as the corporate criminal offences legislation) that was introduced with effect from 30 September 2017.

Please use the following link to obtain a copy of the guidance: Failing to prevent criminal facilitation of tax evasion ― Government guidance on the criminal offences.

It should be noted that the legislation applies to all companies and partnerships, regardless of their size or sector. Broadly, two corporate offences were introduced for, one relating to the evasion of UK tax and one relating to the evasion of foreign tax. The legislation is very widely drawn and can apply to the evasion of any tax, including indirect and employment taxes, anywhere in the world. The business can potentially face unlimited financial penalties, though a defence exists where the business has reasonable prevention procedures in place.

Background to the corporate criminal offences

Historically, it has been necessary for the authorities to have evidence that

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by

Popular Articles

Reverse charge ― buying in services from outside the UK

Reverse charge ― buying in services from outside the UKThis guidance note covers the reverse charge that applies to services that have been bought in from outside the UK. For an overview of VAT and international services more broadly, see the International services ― overview guidance note. For

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Long service awards

Long service awardsEmployee recognition by an employer can be an important motivational tool, as well as having a positive effect on retention. Most employer awards made to an employee are treated as taxable earnings under ITEPA 2003, s 62 or as a benefit under ITEPA 2003, s 201 because they are

14 Jul 2020 12:11 | Produced by Tolley Read more Read more

Supplies of goods and services connected with education

Supplies of goods and services connected with educationThis guidance note provides an overview of the VAT treatment of goods and services provided in connection with supplies of education. This should be read in conjunction with the following guidance notes:•Supplies of education•Local authority

14 Jul 2020 13:44 | Produced by Tolley Read more Read more