Skip to content
Subscriber Only

U.K. Plans Unlimited Fines for Helping Corporate Tax Evasion

  • Employers must show they took precautions to stop illegality
  • Legislation aims to stop management turning `blind eye'

Companies whose staff help people evade tax face being hit with unlimited fines under proposed U.K. rules.

HM Revenue & Customs on Sunday published a 59-page consultation setting out draft legislation for the new corporate crime of failing to prevent tax evasion. This makes employers liable for the actions of staff unless they put “reasonable” precautions in place to prevent such behavior.