Tax investigations

Latest

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  • Criminal Finances Bill receives Royal Assent

    Article

    Submitted: 28 April 2017

    The provisions introducing the new corporate offence of failing to prevent tax evasion received Royal Assent on Thursday 27th April 2017, though an implementation date is still awaited.

  • UK property and public procurement: A register of beneficial owners of overseas entities

    Article

    Submitted: 12 April 2017

    Proposals would see overseas entities required to disclose or dispose in relation to UK property.

  • UK Budget 08 March 2017 - Simmons & Simmons' expert commentary

    Article

    Submitted: 08 March 2017

    Simmons & Simmons' expert commentary on those tax aspects of the 2017 UK Budget, released on 08 March 2017, which are of particular interest to the business community.

  • Crime, fraud and investigations 2017: Criminalisation of compliance failures

    Article

    Last Reviewed: 13 January 2017 / Submitted: 05 January 2017

    ​A consultation is expected in early 2017 on a broad new form of corporate criminal liability, which will elevate the importance of compliance programmes.

  • 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

    Last Reviewed: 28 April 2017 / 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.

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