Kingsley Napley updates

HMRC turns to companies to police tax evasion
Kingsley Napley
  • Corporate Tax
  • United Kingdom
  • 16 August 2019

The Serious Fraud Office's guidance on self-reporting suggests that Her Majesty's Revenue and Customs is now turning to companies themselves to tackle tax avoidance and evasion. The guidance states that prosecutors will assess whether a self-reporting corporate has been genuinely proactive. Critical to such an assessment is whether the corporate has provided sufficient information about its operations, including making witnesses available and disclosing the details of any internal investigations.

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