The Criminal Finances Act 2017: tax evasion crime prevention guidance published

Kim Nihill reviews HM Revenue and Customs and Law Society guidance on the corporate offence of ‘failure to prevent the criminal facilitation of tax evasion’.

HM Revenue and Customs (HMRC) guidance on failure to prevent the facilitation of tax evasion has now been finalised and published, as has an HMRC-approved practice note from the Law Society. The Guidance and practice note seek to help relevant bodies understand the types of procedures that can be put in place in order to prevent associated persons from criminally facilitating tax evasion.

Read the full article in CILEx Journal’s November here, on pages 32-33.