Policy—tax evasion facilitation prevention
Published by a LexisPSL Practice Compliance expert

The following Practice Compliance precedent provides comprehensive and up to date legal information covering:

  • Policy—tax evasion facilitation prevention

Policy—tax evasion facilitation prevention

    1. 1


      1. 1.1

        Tax evasion is a major issue in world trade, despite the many dedicated efforts to prevent it.

      1. 1.2

        Tax evasion is very damaging to the societies in which it occurs. It diverts money and resources from those who need them most, hindering economic and social development.

      1. 1.3

        Tax evasion affects us as a UK organisation if it is criminally facilitated anywhere in our business[es].

      1. 1.4

        We run our business[es] with integrity and in an honest and ethical manner. All of us must work together to ensure [it OR they] remain[s] untainted by tax evasion facilitation.

      1. 1.5

        This policy is a crucial element of that effort. It has the full support of the [insert senior management body, eg Board]. It sets out the steps all of us must take to prevent tax evasion facilitation in our business[es] and to comply with relevant legislation. It does not form part of any employee’s contract of employment and we may amend it at any time.

    1. 2

      What is tax evasion and how does this affect us?

      1. 2.1

        Tax evasion is the illegal non-payment or under-payment of taxes. It is usually perpetrated by falsely declaring or not declaring taxes due to the relevant tax authority. Tax evasion is a criminal offence. It can be committed by an individual, eg in relation to income tax or VAT, or a legal entity,

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