HMRC have published an update on its investigations concerning the corporate criminal offence of the failure to prevent the facilitation of tax evasion.
As at 1 January 2024, there are currently 11 live CCO investigations, although no charging decisions have yet been made, with a further 24 live opportunities currently under review. To date HMRC have reviewed and rejected an additional 94 opportunities. These investigations and opportunities span 10 different business sectors and sit across all HMRC customer groups, include software providers, labour provision, accountancy and legal services and transport.
HMRC make it clear that that investigations are not the sole measure of success, as the legislation was introduced to drive behavioural change and encourage organisations to put in place preventative procedures that reduced the opportunity for facilitation to occur in the first place.
HMRC have published an update on its investigations concerning the corporate criminal offence of the failure to prevent the facilitation of tax evasion.
As at 1 January 2024, there are currently 11 live CCO investigations, although no charging decisions have yet been made, with a further 24 live opportunities currently under review. To date HMRC have reviewed and rejected an additional 94 opportunities. These investigations and opportunities span 10 different business sectors and sit across all HMRC customer groups, include software providers, labour provision, accountancy and legal services and transport.
HMRC make it clear that that investigations are not the sole measure of success, as the legislation was introduced to drive behavioural change and encourage organisations to put in place preventative procedures that reduced the opportunity for facilitation to occur in the first place.
