Under one of the more recent legislative developments in respect of corporate crime, the Criminal Finances Act 2017 has established two criminal offences brought about as a result of failing to prevent the criminal facilitation of criminal tax evasion. The two offences are derived from tax evasion within the UK and foreign jurisdictions.
It simply seeks to target those who are held to account for failing to prevent the crimes of those who act for or on behalf of the corporation. These new offences extend the scope of those who could potentially be prosecuted if tax evasion was to occur.
It is therefore essential that corporate bodies implement procedures to prevent those providing services on its behalf from facilitating tax evasion. Failure to implement these procedures could result in corporate bodies facing criminal prosecution.
Jeremy Gordon have advised corporate bodies under this new piece of legislation including reviewing current procedures and providing recommendations and guidance for new procedures to safeguard and prevent the potential for any criminal prosecutions.
If you as a director, or your company, are being investigated then please contact us for advice and assistance.
Additionally, if your company would like our lawyers at Jeremy Gordon to review your current procedures and whether they are reasonable enough to prevent a potential future prosecution under this legislation, please contact us.
Contact London +44 7700 158304 or Manchester +44 7700 164107. Alternatively you can email info@jeremygordon.co.uk
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