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Taxpayer responsibilities
Key points
- Businesses must research all their business partners to ascertain their trustworthiness.
- Business owners must know the potential implications of working with non-compliant business partners.
- The offences of corporate failure to prevent the criminal facilitation of tax evasion or avoidance’ (tinyurl.com/2p836u39) came into force in 2017.
- Businesses and tax authorities must work together to ensure the smooth functioning of the tax system but they each have their sphere of activity limits and responsibilities.
- It falls upon every citizen to report fraud to HMRC to help identify tax evaders and avoiders and force them out of the market – a process which requires the assistance of taxable businesses.
Multinational tax avoidance is happening all around us – and it is draining public services of vital funding when they need it the most. HMRC and UK law enforcement agencies continue to lead the fight against all types of tax fraud...
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