Tax Evasion: The New UK Corporate Criminal Offences of Failure to Prevent the Criminal Facilitation of Tax Evasion
Journal
United Kingdom
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2017 (Volume 19), No. 6
This article will describe the background to the introduction of two new corporate criminal offences of failing to prevent the facilitation of tax evasion, their operation, the scope/“reach” of the new laws, associated penalties and the available statutory defence.