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'Self-reporting' tax evasion facilitation offences

printer Mail

HMRC has published guidance for authorised representatives of relevant corporate bodies on the procedure for voluntarily notifying HMRC (self-reporting) where those bodies have failed to prevent the facilitation of UK tax evasion, giving rise to an offence under the Criminal Finances Act 2017. The new domestic and offshore facilitation offences came into force on 30 September 2017.

The guidance mentions that ‘self-reporting’ doesn’t guarantee that a relevant body will not be prosecuted; but it could form part of a body’s defence and be reflected in the level of any penalties, if convicted. The guidance also contains a 26 point list setting out the information any report should contain.