Magee Gammon News Lifestyle HMRC is gearing up for the new corporate criminal tax offences - are you ready?

HMRC is gearing up for the new corporate criminal tax offences – are you ready?

It has now been confirmed that, as expected, legislation providing for new corporate criminal offences of failure to prevent the facilitation of tax evasion will have effect from 30 September this year.

The new offences, contained in the Criminal Finances Act 2017, will make businesses vicariously liable if an employee or other ‘associated’ person criminally facilitates tax evasion whilst acting in that capacity for the business, even if the senior management of the business was not involved or aware of what was going on.

Check out more here: http://bit.ly/2hC6KX7

 

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