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    "Noted for the excellence of its white-collar defence practice"

    Chambers & Partners, 2014 edition

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    "Outstanding financial crime defence practice"

    Chambers & Partners, 2014 edition

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    "It’s a deluxe firm which pulls out all the stops for its clients"

    Chambers & Partners, 2014 edition

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    "They are the market leaders for serious crime’"

    Chambers & Partners, 2014 edition

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    "Kangs has an excellent reputation. They care about their clients and go the extra mile for them"

    Chambers & Partners, 2014 edition

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    "Kangs Solicitors is a standout firm"

    Legal 500, 2014 edition

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    "Kangs Solicitors is in the highest tier of firms"

    Legal 500, 2014 edition

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    "Hamraj Kang is noted for his very sharp legal brain"

    Legal 500, 2014 edition

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    "Kangs Solicitors fields a team of ‘technically able solicitors’
    and is well regarded for its serious crime and fraud work"

    Legal 500, 2014 edition

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    "Hamraj Kang is a shrewd tactician and very experienced"

    Legal 500, 2013 edition

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    "What the team is known for - handles an extensive array of criminal matters
    including murder, drugs and white-collar crime"

    Chambers & Partners 2013 edition

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    "Adept at dealing with cases that have an international dimension"

    Chambers & Partners 2013 edition

    Proceeds of Crime Act 2002 (POCA)| Kangs POCA Solicitors

    Criminal Defence Solicitors | Vat & Tax SolicitorsNEWSProceeds of Crime Act 2002 (POCA)| Kangs POCA Solicitors

    Mar

    23

    March 23 , 2017 | Posted by Kangs Solicitors |

    Proceeds of Crime Act 2002 (POCA)| Kangs POCA Solicitors

    The Criminal Finance Bill 2016/2017 (‘the Bill’), which seeks to amend  POCA,  received its second reading before Parliament this month and it is anticipated that it is likely to come into force in Autumn 2017.

    The Bill is split into four parts and, inter alia, looks to:

    1. Reform the Suspicious Activity Reporting regime
    2. Create Disclosure Orders used as part of money laundering investigations
    3. Create new criminal offences for corporate bodies relating to tax evasion
    4. Introduce Unexplained Wealth Orders
    5. Enhance Civil Recovery measures and other enforcement powers.

    Timothy Thompson of Kangs Solicitors looks specifically at the introduction, through Part 3 of the Bill, of the proposed new corporate offence of:

    ‘Failure To Prevent The Facilitation Of Tax Evasion’ | Kangs Fraud Solicitors

    The existing law in relation to tax evasion will remain unchanged and, should the Bill become law, it will simply extend the scope of persons who can be prosecuted following tax evasion.

    The proposed new law is based on the current corporate offence of ‘Failure of commercial organisations to prevent bribery’, dealt with in Section 7 of the Bribery Act 2010, whereby a body corporate or partnership commits an offence if it fails to prevent an associated person (someone acting for the company and not just an employee) from criminally facilitating the commission of either:

    1. A UK Tax evasion offence; or
    2. A foreign tax evasion offence, which is an equivalent offence under the laws of the foreign jurisdiction.

    There is no offence if there were reasonable prevention procedures in place, meaning, procedures designed to prevent associated persons from facilitating tax evasion offences, or in all the circumstances, it was not reasonable to expect any prevention procedures to have been put in place.

    HMRC Guidance | Kangs Tax Advisory Lawyers

    HMRC has published guidance (HMRC Guidance), to assist corporate bodies with the above issues setting out six principles regarding reasonable prevention procedures:

    1. Risk assessment
    2. Proportionality of risk-based prevention procedures
    3. Top level commitment
    4. Due diligence
    5. Communication (including training)
    6. Monitoring and review

    How Can Kangs Solicitors Help You? | Kangs Tax Fraud Solicitors

    Here at Kangs we have a dedicated team of lawyers which is regularly instructed on complex Tax Fraud matters.

    The team is headed by the firm’s principal, Hamraj Kang who is one of only two lawyers in the country to be awarded ‘star individual’ status by the leading law directory Chambers & Partners.

    Should you have the need for any of our tax related experience please do not hesitate to call any one of the following:

    Hamraj Kang
    hkang@kangssolicitors.co.uk
    07976 258 171 | 020 7936 6396 | 0121 449 9888

    John Veale
    jveale@kangssolicitors.co.uk
    0121 449 9888 | 07989 521 210

    Tim Thompson
    tthompson@kangssolicitors.co.uk
    0121 449 9888 | 020 7936 6396 | 07989 521210

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