If HMRC suspects that you or your company have failed to pay the amount of Duty or VAT required by law, or you have made errors on your returns, you may be issued with a fine known as a “wrongdoing penalty”. But what exactly is this penalty, and what reasons might HMRC give for handing you one?
There is still a great deal of uncertainty surrounding the UK’s departure from the European Union. We continue to await clarity on a considerable number of details – not least any plans for the enforcement of international law following our yet-to-be-established departure date.
On occasion, packages are seized by either HMRC or Border Force when being imported or exported across the UK border. This can occur for a variety of reasons, including:Read More
One of the many as-yet unanswered questions relating to the UK’s pending departure from the EU is “how will Brexit affect financial crime?”.
The international extradition of fraudulent and white-collar offenders between the UK and EU member states is currently managed through the execution of European Arrest Warrants. Read More
Following a government crackdown on illegal Employee Benefit Trusts (EBTs) and wider Disguised Remuneration schemes, a deadline was drawn up whereby employees and contractors who had received funds via these methods could voluntarily settle any tax they owed as a result.
The Company Directors Disqualification Act 1986 states that an individual who, up until action is taken against them, was acting as a company director “shall not be a director of a company, act as receiver of a company’s property or in any way.
If your company operates within the fields of science and technology, or is otherwise engaged in the creation of innovative products, services or techniques, you may be aware of the availability of HMRC Research and Development tax credits.
If you have purchased or ordered items to be delivered from abroad, or you are shipping items out of the UK, they will be required to pass customs checks. It is at this stage where, on occasion, items may be seized by border officials.Read More
The Criminal Finances Act of 2017 serves to criminalise the failure of businesses to prevent the facilitation of tax evasion. The two offences created under this new legislation have a basis in the Bribery Act 2010, and mean that your company can be held responsible for illegal tax Read More
Part 5 of the Proceeds of Crime Act 2002 (or POCA 2002) enables prosecuting agencies to recover property which have been obtained through unlawful conduct.This right can be exercised by the NCA or another authority whether or not any proceedings have been brought in relation to a criminal offence.Read More