What is the Corporate Criminal Offence (CCO) legislation and how does it apply to you? In 2017, HRMC introduced the CCO legislation, to help prevent the facilitation of tax evasion in UK businesses and offshore trust companies. The CCO legislation applies to all companies and partnerships, no matter their size or services provided. Companies will
The Corporate Criminal Offence (CCO) legislation was introduced in September 2017 to help prevent the facilitation of tax evasion in businesses. The legislation holds companies and partnerships to account if anyone acting on their behalf helps to facilitate tax evasion. Facilitating tax evasion is a criminal offence and is subject to sanctions. The CCO
The Corporate Criminal Offence (CCO) legislation was introduced in September 2017 to help prevent the facilitation of tax evasion within businesses. The legislation holds companies and partnerships to account if anyone acting on their behalf helps to facilitate tax evasion. Facilitating tax evasion is a criminal offence and is subject to sanctions. All companies and
The Corporate Criminal Offence (CCO) legislation was introduced in September 2017 to help prevent the facilitation of tax evasion in businesses. The legislation holds companies and partnerships to account if anyone acting on their behalf helps to facilitate tax evasion. Facilitating tax evasion is a criminal offence and is subject to sanctions. The CCO legislation
The Corporate Criminal Offence (CCO) legislation was introduced in September 2017 to help prevent the facilitation of tax evasion in businesses. The legislation holds companies and partnerships to account if anyone acting on their behalf helps to facilitate tax evasion. Facilitating tax evasion is a criminal offence and is subject to sanctions. The CCO legislation
IR35 rules are changing on 6th April 2021 Non-compliance could result in breaching the Corporate Criminal Offence legislation IR35 rules (off-payroll working) will be changing from 6th April 2021. The new rules will see a shift in responsibility when determining the employment status of contractors. Under the new rules, it will now be the employer’s
Off-payroll working rules (IR35) will be changing on 6th April 2021. From this date the rules regarding how companies engage with individuals through personal service companies, will be affected. See our article on ‘New changes to off-payroll working rules (IR35)’ for further details on the changes. Companies should be aware of the changes to the
The Corporate Criminal Offence (CCO) legislation was introduced in September 2017 to help prevent the facilitation of tax evasion in businesses. The legislation holds corporations liable if they fail to prevent anyone acting on behalf of their company from facilitating tax evasion. Facilitating tax evasion is a criminal offence and is subject to sanctions. CCO
It was announced yesterday that HMRC are investigating 9 companies for failing to prevent the facilitation of tax evasion. Originally announced in the March 2015 budget, the Corporate Criminal Offence came into effect on 30th September 2017. The stated aim of the legislation is to put responsibility on corporate entities to help tackle tax evasion.
