Failure to prevent tax evasion becomes criminal offence in Criminal Finances Act 2017
04 May 2017

Legislation set to be introduced under the Criminal Finances Act 2017 will make businesses liable for criminal acts committed by employees who encourage or assist tax evasion by other individuals, e.g. customers or suppliers.

Under the new legislation, businesses will be liable even in cases where senior management were either uninvolved or unaware of the acts. These measures, expected to be implemented in September 2017, apply to UK and non-UK tax.

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