QEBHW's Rhys Meggy has been working with Lexis®PSL, LexisNexis' practical guidance offering, to provide a Practice Note on the corporate offence of failing to prevent the facilitation of tax evasion. To view the full document, sign-in or register for a free trial of Lexis®PSL email customer service via their online form.
Lexis®PSL Practice Note explains the two corporate criminal offences of failure to prevent the facilitation of tax evasion created by sections 45 and 46 of the Criminal Finances Act 2017. It covers the elements of both the UK and foreign tax evasion offences, the available 'reasonable procedures' statutory defences and the penalties payable on conviction.