The Bribery Act 2010 took effect on 1 July. Jason Collins examines its impact for Tax Directors and the interaction with the SAO rules
The Bribery Act 2010 came into force on 1 July and overhauled the laws of corruption which had been on the statute book since the turn of the twentieth century.
The description of the offence has been modernised and simplified and it is now much easier to establish liability against senior officers of a company who may not have been directly involved but consented to or connived in the bribery.
Perhaps of most note is the new corporate offence of failing to prevent bribery.
It is a strict liability offence: if an employee or other agent of...
