EY - A new UK corporate criminal offence with global reach is here. What’s next?

EY Tax webcast

A new UK corporate criminal offence with global reach is here. What’s next?

  • Share

Watch On-Demand

Under the CCO a company could be criminally liable if it fails to prevent the facilitation of UK or non-UK tax evasion by an employee, agent or anyone else acting for or on behalf of the company. The offence can catch both UK and non-UK companies, with the only defense against any potential prosecution being that the company had put in place reasonable procedures to prevent the facilitation of tax evasion. Many organizations have therefore sought to ensure that they identify where the risks of facilitation of tax evasion can arise across their business and build a proportionate response to mitigate the risk of prosecution.

We invite you to join this webcast on Tuesday, November 14th as we share our experiences from advising organizations to establish reasonable procedures over the past year on UK CCO, actions that can be taken to maintain compliance beyond the risk assessment, and wider prevention procedures in response to the Act.

The webcast will share insights in assisting you in your internal decisions regarding next steps beyond the risk assessment.     

  • Background and HMRC activity post-compliance deadline
  • Consequences for non-compliance
  • Compliance readiness – experiences and lessons
  • Keeping the momentum – beyond the tax risk assessment
  • Act now

Panelists:

EY - Yvette Adams

Yvette Adams

EY

Yvette Adams is the EY UK Corporate Criminal Offence lead across the Asia Pac region. She is based in Sydney, where she assists outbound clients of Asia Pac to respond to the new CCO. Yvette also assists large multinationals to resolve and prevent disputes with the revenue authorities.

In addition to being a solicitor, she is dual Australian and UK tax qualified.

EY - Paul Dennis

Paul Dennis

EY

Paul Dennis is the EY UK Corporate Criminal Offence lead for commercial industries. He is based in the UK, but has been supporting our EY teams in other regions as well. Paul has helped numerous clients develop processes for documenting how they manage tax risks both in the UK and overseas. His work managing tax risk includes formulation of tax policies, completion of tax risk registers, documenting process/controls flowcharts, and helping prepare for business risk reviews, and SAO certification requirements.

EY - Rosie Higgins

Rosie Higgins

EY

Rosie Higgins is a Director in the London Indirect Tax practice of Ernst & Young. She supports a number of clients in relation to the CCO (working with the wider team). Because of its transactional nature, many clients have considered indirect tax to be a high risk area and Rosie has helped numerous clients in reviewing, documenting, and recommending improvements for processes and controls to manage their global indirect tax risks.

Rosie is CTA qualified, and was awarded the Indirect Taxation medal by the CIOT in 2006. 

EY - Jonathan Middup

Jonathan Middup

EY

Jonathan Middup is the EY UK the Anti-Bribery and Corruption lead in the UK. He has twenty years' forensic experience in fraud and regulatory investigations, fraud detection and anti-fraud measures.

EY - David Wren

David Wren

EY

David Wren is the EY UK Corporate Criminal Offence lead for the financial services industries. He is based in the UK, but has been supporting our EY teams in other regions as well. David focuses primarily on the banking sector, covering a broad range of tax issues. His current areas of focus include: customer tax transparency, automatic exchange of information, the implications of digital initiatives and the overlap between tax and financial crime.

Moderator:

EY - Patrick Trapp

Patrick Trapp

EY EMEIA Tax Performance Advisory Leader

Patrick is the EY EMEIA Tax Performance Advisory leader and a Tax Partner in the Ernst & Young EMEIA Tax Centre in London. He has more than 30 years of experience working with companies to address people, process and technology related issues in their corporate tax departments.

Patrick’s focus is on improving the quality of tax data in financial systems, increasing efficiencies through tax-related technology, engineering effective and controlled processes and creating responsive operating models. Additionally, Patrick leads assessments of global companies, identifying strategy and leading approaches to help improve overall performance.