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New corporate offences introduced: Failure to prevent the facilitation of tax evasion

Overview

The new corporate offences of 'failure to prevent the facilitation of tax evasion' under the Criminal Finances Act 2017 came into effect on 30 September 2017.


These offences widen the existing regime by introducing strict liability offences for companies who do not have adequate prevention procedures in place.


This briefing examines the new legislation.

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