Blog
Keeping the peace at Christmas – top tips for shared parenting over the festive season
Lauren Evans
10 February 2016
New Fraud Taskforce - A step in the fight against fraud or political posturing?
Today saw the announcement by Theresa May, the Home Secretary, and Mark Carney, Governor of the Bank of England, of a new Joint Fraud Taskforce. The Taskforce has gathered organisations hailing from the public, private, and non-profit sector in the interests of fighting fraud more effectively.
20 January 2016
MPs question HMRC’s response to tax evasion, the hidden economy and criminal attacks
With the issue of tax evasion a political priority and firmly in the media spotlight, the Public Accounts Committee kick-started 2016 with an evidence session with top HMRC officials as part of its inquiry into: Tackling tax fraud: how HMRC responds to tax evasion, the hidden economy and criminal attacks.
5 January 2016
Financial crime: compliance challenges for 2016 and beyond
Notwithstanding George Osborne’s indication that he wants to work with financial institutions, we anticipate that compliance and anti-money laundering concerns will grow ever more important for the financial services industry in 2016. In the last year we have seen the FCA publicly committing to pursuing more cases against individuals and the announcement of the Senior Managers Regime which will come into force in March 2016 with the aim of making it easier to hold senior management to account (see our earlier blog). Financial crime and compliance looks set to remain firmly on the agenda.
29 July 2015
No place to hide: HMRC shines a light on tax havens
“People have had ample opportunity to regularise their affairs”, says HMRC as it presents the next move in its “No Safe Havens” strategy. A package of measures was proposed in the Summer Budget 2015 designed to ramp up HMRC’s powers to tackle offshore tax evasion. With civil deterrents and civil sanctions the focus of the first two consultations, hard-hitting rules are being put forward in the criminal sphere.
23 July 2015
Scorecard for the Serious Fraud Office
As summer holidays are upon us it is not just school children receiving their school report – both the Serious Fraud Office and the Financial Conduct Authority have issued their own annual reports presented to Parliament. Both reports combine a strategic overview with detailed budget statements and a headline view of key successes for 2014-15.