Waqar Shah, James Watson and Emily Wright discuss corporate criminal tax evasion offences and HMRC investigations in the post-pandemic economy in Taxation magazine.
Although the corporate criminal tax evasion offences legislation came into force in 2017, the article argues that businesses should review their reasonable prevention procedures now to take into account COVID-19 working changes.
The growing risk of redundancies across many sectors means that there are likely to be more whistleblowing cases against former employers which relate to breaches of the 'furlough' scheme or incorrect claims under the "eat out to help out" scheme, either of which could result in significant civil or criminal penalties.
Read the full report here.