Corporate Criminal Offence: Top 10 FAQs
Corporate Criminal Offence: Top 10 FAQs
Corporate Criminal Offences: FAQ’s
We have been working hard with over 150 of our clients to support them in demonstrating a defence to the legislation, and we set out below the top 10 FAQs and learnings based on our work. We have also produced a Corporate Criminal Offences approach guide that looks at the two offences in detail providing examples of how they might arise, outlining the six key principles of defence as set out in HMRC guidance and practical examples of how other organisations are responding.
Corporate Criminal Offences in COVID-19: HMRC guest speaker and insights
Hear practical advice and guidance on the Corporate Criminal Offences legislation within the context of Covid-19 and remote working. Our panel of speakers are from BDOs leading Tax Risk Team and a guest HMRC CCO specialist speaker.
How can BDO Tax Risk team support you?
All businesses continue to develop their response both to COVID-19 and also an evolving working environment post COVID-19. The challenges, and opportunities, of a remote workforce and the accelerating pace of digital change mean that different approaches to compliance, governance and regulation must be considered.
It is important to ensure your reasonable prevention procedures are designed to prevent associated persons from commuting the facilitation offences in the new reality.
This Toolkit provides your organisation with the tools, templates and knowhow to develop a response to the Corporate Criminal Offence legislation.
It is a step by step guide to ensuring that the controls you implement are aligned to HMRC’s Six Guiding Principles and meet the legislations requirements, including carrying out your own CCO Risk Assessment. The documentation includes various policies, internal and external messaging and example contractual terms.
Ensuring your staff and other associated persons understand their responsibilities is a critical control in minimising the risk of enforcement action. We have developed a bespoke elearning course to meet HMRC’s requirements.
The elearning module can be easily uploaded to your existing Learning Management System for staff distribution, or we can provide a platform through which you can distribute the training. This method of learning and embedding is well suited to remote working.
- Risk assessments and ongoing monitoring
Where there are staff reductions, employees working from home, or management focused on critical functions only, unique opportunities arise for committing tax fraud. Risk assessments should be regularly reviewed, particularly within the context of COVID-19.
For businesses who have already performed a risk assessment, we can support with carrying out a review, which normally involves reviewing your existing policies and procedures as well as refreshing your current risk assessment to reflect any changes in the business.