Managing associates Gareth Minty and Tim Thompson discuss the Criminal Finances Act, and the consequences of failing to prevent the facilitation of tax evasion.
On 30th September 2017, the Ciminal Finances Act 2017 introduced two new corporate offences of failing to prevent the facilitation of unlawful tax evasion. In doing so, it continued a trend that began with the Bribery Act and which places an expectation on businesses to enforce the criminal law or run the risk of being prosecuted for failing to do so.
Read the full article.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
