Skip to main content

Clifford Chance

Briefings

Failure to prevent the facilitation of tax evasion: The new extra-territorial UK criminal offence and its impact on European financial institutions

26 June 2017

The UK has enacted a new corporate criminal offence of failing to prevent the facilitation of tax evasion by employees and other associated persons. It is highly extra-territorial, applies to financial institutions and other businesses worldwide, and can apply to the evasion of non-UK taxes as well as UK taxes.

Download File

Failure to prevent the facilitation of tax evasion: The new extra-territorial UK criminal offence and its impact on European financial institutions

Download PDF (257Kb | English)