CIOT publishes introductory note on corporate offences for failing to prevent tax evasion
Released 10 August 2017
The Chartered Institute of Taxation (CIOT) has published an introductory note on corporate offences of failure to prevent the criminal facilitation of tax evasion under the Criminal Finances Act 2017, which comes into force on 30 September 2017.
The guide provides a basic overview of the legislation by way of an introduction only to the subject and a more comprehensive commentary can be found in HMRC guidance.
The CIOT is recommending that members check that they have adequate policies and procedures in place in preparation for the introduction of the offence.
View and/or download the introductory note Criminal Finances Act 2017.