Market leading insight for tax experts
View online issue

SOCA v Fenech

In SOCA v Fenech (QB – 13 January) the Serious Organised Crime Agency began an investigation into the tax affairs of a company director (F). They formed the opinion that F had failed to declare the full extent of his income and issued assessments covering the years 2004/05 to 2008/09. They also seized more than £200 000 in cash and applied for a ‘freezing order’. The QB granted the order finding that there was ‘abundant evidence’ of ‘a risk of dissipation’; that F had ‘failed to properly account to HMRC in relation to his or his companies’ tax responsibilities’ and that the evidence suggested that there had been ‘fraudulent conduct’.

Why it matters: The Proceeds of Crime Act 2002 s 317 provides that the Serious Organised Crime Agency can undertake the Revenue functions of HMRC where there are ‘reasonable grounds to suspect’ that there has...

If you or your firm subscribes to, 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 '' for further assistance.