Talking. Sustainability‪.‬ Travers Smith

In the second episode of our series focussing on Good Tax Governance, Hannah Manning from our tax team discusses the new corporate criminal offence of failure to prevent fraud (FTP).
Over the last few years, businesses have become well acquainted with the strict liability offences around bribery and failure to prevent the facilitation of tax evasion. HMRC's introduction of this new criminal offence in tackling financial crime has some interesting new features that make it easier for the actions of individuals within a company to be attributed to the company itself.
Hannah discusses the new FTP offence, its relevance in a tax context, and how it interacts with the existing Corporate Criminal Offence of failure to prevent the facilitation of tax evasion (CCO). Most importantly, Hannah will explore the steps that should be taken when dealing with both CCO and FTP. 

In the first of our series focussing on Good Tax Governance,
Kulsoom Hadi from our Incentives and Remuneration team discusses the use of
umbrella companies. While umbrella companies can provide administrative
benefits for businesses when managing a flexible workforce, the UK tax
authorities are live to the risk of avoidance and expect end users to have
appropriate oversight of how the umbrella companies in their supply chain
manage their tax compliance. Kulsoom discusses the current compliance landscape
and the practical impact for businesses engaging staff through umbrella
companies.

Our most recent episode of our Talking. Sustainability series.

In Part 2 of our discussion with Seb Akbik from PRI on Tax, ESG and Sustainability we explore some of the theoretical tensions and practical difficulties which can arise in establishing "good tax governance"; the differing approaches which organisations have adopted; and some examples of steps which businesses could take to develop good tax governance.

We recently sat down with Sebastien Akbik from UNPRI to discuss how tax fits in to ESG and sustainability, and what good tax governance actually means.

In this podcast, Associates Aimee Hutchinson and Callum Burgess from the Travers Smith Tax team return to the topic of base erosion and profit shifting (BEPS) and take a look at the second pillar of the OECD's corporate tax reform plan. Aimee and Callum discuss the plan, which aims to incorporate a global minimum corporate tax rate of 15%, in the context of the current global drive for sustainability (including sustainable taxation) and explore how Pillar 2 could be a force for change in that context.