Following the recent successful client seminar on the corporate criminal offence (CCO) of failure to prevent facilitation of tax evasion, we have now made available the recording from the session and a copy of the slide pack for those that were unable to attend in person.
The key actions highlighted in this presentation for organisations to be implementing now are undertaking the risk assessment and ensuring that reasonable prevention procedures are in place. Being found guilty of this offence could result in unlimited fines, penalties, reputational damage and potentially other sanctions.
With HMRC now focusing further into this area and combining the CCO offences with its recent Business Risk Review criteria and wider tax governance measures it is important organisations act now.
To listen again to the presentation, please open the slides below and then open the audio.