Corporate Criminal Offence

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Corporate Criminal Offence

Corporate Criminal Offence  – Why it is important that your business is aware of the legislation

The Corporate Criminal Offence (CCO) legislation was introduced in September 2017 to help prevent the facilitation of tax evasion in businesses. The legislation holds companies and partnerships to account if anyone acting on their behalf helps to facilitate tax evasion. Facilitating tax evasion is a criminal offence and is subject to sanctions. The CCO legislation

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16 April 2021
Corporate Criminal Offence

IR35 rules are changing on 6th April 2021 – non-compliance could result in breaching the Corporate Criminal Offence legislation

IR35 rules (off-payroll working) will be changing from 6th April 2021. The new rules will see a shift in responsibility when determining the employment status of contractors. Under the new rules, it will now be the employer’s responsibility to assess the employment of the contractor, which will determine how they should be taxed. These changes

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16 March 2021
Corporate Criminal Offence

How non-compliance with the new IR35 rules could result in your company being subject to a potential criminal investigation under the Corporate Criminal Offence (The Failure to Prevent the Facilitation of Tax Evasion)

Off-payroll working rules (IR35) will be changing on 6th April 2021. From this date the rules regarding how companies engage with individuals through personal service companies, will be affected. See our article on ‘New changes to off-payroll working rules (IR35)’ for further details on the changes. Companies should be aware of the changes to the

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16 December 2020
Corporate Criminal Offence

Corporate Criminal Offence. Why it’s important your business is aware of this legislation.

The Corporate Criminal Offence (CCO) legislation was introduced in September 2017 to help prevent the facilitation of tax evasion in businesses. The legislation holds corporations liable if they fail to prevent anyone acting on behalf of their company from facilitating tax evasion. Facilitating tax evasion is a criminal offence and is subject to sanctions. CCO

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19 November 2020
Corporate Criminal Offence

HMRC crackdown on Corporate Criminal Offence

It was announced yesterday that HMRC are investigating 9 companies for failing to prevent the facilitation of tax evasion. Originally announced in the March 2015 budget, the Corporate Criminal Offence came into effect on 30th September 2017. The stated aim of the legislation is to put responsibility on corporate entities to help tackle tax evasion.

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17 February 2020
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