HMRC have updated guidance on the corporate offence of failing to prevent tax evasion to include information about self-reporting a company or partnership.
Corporate offences for failing to prevent criminal facilitation of tax evasion explains the laws introduced to encourage businesses to prevent their representatives helping clients evade tax and how the corporate offences work. The guidance and offences took effect from 30 September 2017. The guidance has been updated to include information about self-reporting a company or partnership that’s facilitated criminal tax evasion. A business may commit one or more of the offences when a person providing a service for or on its behalf criminally facilitates tax evasion and the business did not have procedures in place to prevent it. Self-reporting is where a business reports itself for failing to prevent the facilitation of tax evasion.
You can view the updated guidance by going to https://www.gov.uk/government/publications/corporate-offences-for-failing-to-prevent-criminal-facilitation-of-tax-evasion .