HMRC has brought its first-ever criminal prosecution for failure to prevent the facilitation of tax evasion, charging an accountancy firm eight years after the offence was introduced. Stockport-based Bennett Verby Ltd is reportedly facing charges under the Criminal Finances Act 2017 in connection with an alleged R&D tax credits repayment fraud, alongside six individuals, including a former director, who are also accused of offences such as cheating the public revenue and money laundering. The case is scheduled for trial in September 2027.

In this article for accountingweb, Rachel Cook discusses HMRC’s first criminal prosecution for failure to prevent tax evasion has been brought against an accountancy firm and what this means for other firms. 

To read the article, please click here.