Tax investigations

Latest

1 to 10 of 13
  • The new VAT and indirect taxes avoidance disclosure regime

    Article

    Submitted: 21 December 2016

    The Government will introduce a new regime for disclosing VAT and other indirect tax avoidance schemes, placing the primary responsibility on the promoter of such schemes.

  • Deferred Prosecution Agreements - 8 lessons so far

    Article

    Submitted: 25 October 2016

    Deferred Prosecution Agreements have been available for commercial organisations suspected of economic crime since 24 February 2014. Two have been concluded, in the cases of ICBC Standard Bank (Standard Bank) and XYZ Ltd, a company which remains anonymous pending further criminal proceedings arising from the case. A further company which sought a DPA and was refused one, Sweett Group plc, has been convicted and sentenced.

  • The Criminal Finances Bill

    Article

    Submitted: 21 October 2016

    We explain the new powers and offences proposed for law enforcement agencies to tackle financial crime and highlight the Bill's implications for the private sector.

  • The new corporate offence of failure to prevent tax evasion

    Article

    Submitted: 18 October 2016

    The Government has published draft legislation in the Criminal Finances Bill and updated draft guidance on the scope of the new offence of failure to prevent the criminal facilitation of tax evasion.

  • Failure to prevent the facilitation of tax evasion consultation

    Article

    Submitted: 14 July 2016

    Simmons & Simmons' response to the Government’s consultation on the draft guidance and legislation for the implementation of a new corporate criminal offence of failing to prevent the facilitation of tax evasion.

  • Abusive transactions and lease and leaseback arrangements

    Article

    Submitted: 16 May 2016

    Brief description: The Court of Appeal has held that a leaseback scheme designed initially to obtain a VAT deferral on input VAT on building works and then to be collapsed to obtain an absolute VAT saving was abusive.

  • Corporate Crime: Failing to prevent tax evasion

    Article

    Last Reviewed: 22 April 2016 / Submitted: 01 December 2015

    The Autumn Statement confirmed that the Government will legislate to introduce a new corporate crime of failing to take reasonable steps to prevent the facilitation of tax evasion.

  • Failing to prevent the facilitation of tax evasion: Simmons & Simmons response

    Article

    Last Reviewed: 14 July 2016 / Submitted: 13 October 2015

    Simmons & Simmons has responded to the Government’s consultation on the proposed introduction of a new corporate criminal offence of failing to prevent the facilitation of tax evasion.

  • Next steps to counter tax evasion and avoidance

    Article

    Submitted: 24 March 2015

    The Government has released a document highlighting its track record in tackling tax evasion and tax avoidance and setting out its plans for even tougher measures to tackle evasion and avoidance in the future.

  • Strengthening sanctions for tax avoidance

    Article

    Submitted: 24 February 2015

    The Government has put forward proposals for additional sanctions to target “especially persistent tax avoiders”, as well as proposals to introduce specific GAAR penalties.

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