Criminal Finances Act 2017

This guidance was approved by the chancellor on 21 November 2018. The chancellor considers that this guidance is consistent with the guidance published by the chancellor entitled ‘Tackling Tax Evasion: Government Guidance for the Corporate Offences of Failure to Prevent the Criminal Facilitation of Tax Evasion’ on 30 September 2017. The chancellor’s approval does not extend to the questions and scenarios that accompany the guidance (in section 9).

This practice note provides guidance to solicitors on the corporate offences of failure to prevent the criminal facilitation of tax evasion introduced by the Criminal Finances Act 2017, with effect from 30 September 2017.

This brings a risk of criminal liability to solicitors' firms not only as a result of their employees’ actions, but also the actions of others with whom they are associated.

It explains:

  • the offences
  • the definition of an associated person
  • risk assessments
  • communication, training, monitoring and reporting

This practice note is the Law Society’s view of good practice in this area, and is not legal advice. For more information see the legal status.