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Time for a spring clean
Key points
- The corporate criminal tax evasion offences legislation came into force in 2017.
- Businesses should review their reasonable prevention procedures to take into account Covid-19 working changes.
- HMRC is under pressure to recoup some of the money handed out during the pandemic which is leading to increased investigation activity.
- Will recently redundant employees be likely to become whistle-blowers against their former employers?
- More scrutiny is likely from HMRC so companies should ensure their affairs are in order.
The government has a difficult balancing act to perform with the competing interests of the nation’s health and wealth. The UK’s financial health has not quite reached intensive care but it needs a sustained period of treatment and recuperation. Central to this is HMRC which will be called and relied on to collect the tax revenue required for the UK economy to grow again.
After a summer of constructing and...
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