Eight years after the UK parliament armed HMRC with corporate ‘failure to prevent the facilitation of tax evasion’ powers, the agency has finally pulled the trigger. Bennett Verby, a Stockport-based accountancy practice, has been charged under the Criminal Finances Act 2017 in connection with an alleged R&D tax credits repayment fraud.
In this article for Accounting and Business, Rachel Cook discusses the implications of the decision on other accounting firms, noting that ‘This marks a decisive moment for accountants, to whom the message is unambiguous: compliance systems can no longer be an afterthought.’
To read the article, please click here.
