Friday 14 October 2016

UK: The Criminal Finances Bill introduced in Parliament

The Criminal Finances Bill was introduced in the House of Commons yesterday and received its first reading: see here. A copy of the Bill, as introduced, is available here or here (pdf). Explanatory notes are available here or here (pdf). Part 3 of the Bill contains the provisions that will introduce the new corporate offence (applying also to partnerships) of the failure to prevent the facilitation of tax evasion. Further background information about this new offence is available here. Draft Government guidance is also available: see here (pdf).

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