Market leading insight for tax experts
View online issue

New corporate criminal offence: what will an investigation look like?

Speed read

HMRC has stepped up its criminal investigations into corporates, without waiting for the new corporate offence to become effective (expected to be September 2017). The new offence will make it much easier to prosecute. Don’t expect HMRC to wait too long for the new offence to bed in before the department starts to investigate. Also, don’t think this offence is just for banks and professional advisers. It only takes one person acting wrongly for an organisation to be under investigation. Large companies should therefore refresh their raids and critical incident procedures, in particular to make sure the right escalation procedures are in place if HMRC officers appear without warning.

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top