UKCorporateCriminalOffencesforfailuretopreventthefacilitationoftaxevasion
DesigningGuidanceandAdequateProcedures
RichardVauseSeniorPolicyAdvisor,UnitedKingdom,HMRevenue&Customs
Holdingcorporationsresponsible
Changingcorporateliabilitymodel
‘Directingmindandwill’
Corporatefailuretoprevent
Failuretopreventmodel
Reachingrelevantcorporations
Whatcorporationscanbeliable?UKTaxoffence OverseasTaxOffence
•Whereveracorporateisbased,ifitdealswithUKtaxes,itisinscope
• Foroverseastaxes,ifanorganisationhasaUKpresence,itisinscope
Reasonableproceduresdefence
Reasonableproceduresdefence
Whathappensifacorporateisconvicted?
• Acriminalconvictioncouldresultin:o Anunlimitedpenaltyo Directordisqualificationo Exclusionfrombiddingforpubliccontractso Lossoflicenseinaregulatedsector
Reasonableprocedures
RiskAssessment
Procedures
TopLevelCommitment
DueDiligence
Monitoring&Review
Comms&Training
• SignedoffbyChancellor
GovernmentGuidance
Reasonableprocedures
RiskAssessment
Procedures
TopLevelCommitment
DueDiligence
Monitoring&Review
Comms&Training
Corporateself-reporting
• ChancellorinGovernmentGuidance:“timelyself-reportinganindicatorofreasonableprocedures”
Workingwithindustryonguidance
Sector-specificguidance
• Workedwithindustrytoproducesector-specificguidance
• Offertoallsectors• Chancellorendorsed,givinggovernmentcontroloverthisguidance