Debut UK corporate tax evasion prosecution sends message despite dearth of cases
MLex: A UK accounting firm is the first to face prosecution for failure to prevent tax evasion, eight years after the offence was written into UK law. While the law may have changed some companies’ behavior, the case highlights questions over a lack of enforcement so far. But it could help to re-focus compliance efforts: ‘It’s a big moment. It will re-energise those conversations with corporates, Simon York, the former lead fraud prosecutor at the UK tax authority told MLex.