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Hansuke Consulting Limited is registered in England and Wales number 10136213 with its registered office at: 71-75 Shelton Street, London WC2H 9JQ. Hansuke Consulting Limited is an accredited and regulated member firm of the Institute of Chartered Accountants in England and Wales (ICAEW).

 

In accordance with the disclosure requirements of the Provision of Services Regulations 2009, our professional indemnity insurer is International General Insurance Co (UK) Limited, of 133 Houndsditch London EC3A 7AH. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.

Coporate Criminal Offences

As part of the fight against tax evasion, the Criminal Finances Act 2017 introduces two new wide-ranging corporate criminal offences of failure to have procedures in place to prevent:

  • the facilitation of UK tax evasion; and

  • the facilitation of overseas tax evasion.

Both offences are very wide-ranging and have significant extra-territorial impact.  The consequences of conviction on a company are severe and can result in:

  • An unlimited fine;

  • Severe reputational damage; and

  • Sanctions from other regulators both in the UK and overseas.

The new offences are expected to “go-live” from September 2017 following a Commencement Order.

HMRC's view

This legislation is about a "cultural change" in embedding procedures to prevent tax evasion throughout an organisation. HMRC have confirmed that this should flow from a "top-level commitment through the front-line where the decisions are made that matter."