PEM Insights

HMRC move from the carrot to the stick

The world is getting smaller and the global reach of the tax man continues to stretch further. A powerful weapon in HMRC’s battle to reclaim unpaid tax liabilities on offshore assets has been the Requirement to Correct (RTC).

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CCO Media

Corporate Criminal Offence - How do you plead?

The Criminal Finance Act 2017 came into force in September 2017 and with it saw the introduction of the Corporate Criminal Offence (“CCO”). This legislation provides HMRC with new powers to criminally prosecute and hold corporates accountable for the activities of persons acting on their behalf where they facilitate tax evasion and where they have failed to implement relevant preventative measures.

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