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Three new CCO investigations

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HMRC has provided an update on its corporate criminal offence investigations:

  • As at 13 October 2020, HMRC currently has 13 live CCO investigations. Since 31 July 2020, 3 new investigations have been opened. No charging decisions have yet been made.
  • A further 18 live opportunities are currently under review. To date HMRC has reviewed and rejected an additional 33 opportunities.
  • These investigations and opportunities span ten different business sectors, including financial services, oils, construction, labour provision and software development.
  • All of the investigations and opportunities sit across all HMRC customer groups from small business through to some of the UK’s largest organisations

HMRC said the number and spread of investigations demonstrate ‘it is actively enforcing the legislation across all tax and duty regimes and across organisations of all shapes and sizes’. The department confirmed that covid-19 has impacted its CCO investigations work, but ‘HMRC continues to progress CCO investigations and opportunities wherever it is safe for HMRC and its customers to do so.’

Issue: 1506
Categories: News