- Three years on and still no prosecutions for HMRC’s corporate criminal offence
- Why the slow progress?
Corporate Crime analysis: HMRC’s 2015–2020 business plan pledged to increase the number of criminal investigations and prosecutions into serious and complex tax crime, focusing particularly on wealthy individuals and corporates. The stated aim was to increase prosecutions in this area to 100 a year by 2020. Key to this strategy was the implementation of the corporate criminal offence (CCO) of failure to prevent the facilitation of tax evasion, which came into force on 30 September 2017. David Sleight, partner at Kingsley Napley, examines the possible reasons for the current lack of CCO prosecutions.
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