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Wildy's will be closed on Monday 27th May, re-opening on Tuesday 28th.
Online book orders received during the time we are closed will be processed as soon as possible once we re-open on Tuesday.
As usual credit cards will not be charged until the order is processed and ready to despatch.
Any Sweet & Maxwell or Lexis eBook orders placed after 4pm on the Friday 24th May will not be processed until Tuesday May 28th. UK orders for other publishers will be processed as normal. All non-UK eBook orders will be processed on Tuesday May 28th.
In the world of competing demands on the UK Exchequer and the ever increasing scrutiny of tax planning and investigations into possible tax evasion it is of fundamental importance for the tax adviser to understand and appreciate the scope of their obligations and potential liabilities.
Advisers must meet the standards required by their governing professional body, adhere to the requirements of the law both as to the efficacy of the tax advice given to a client, and also to ensure that it is not negligent advice. Moreover, the tax adviser must also be vigilant to ensure that their services are not being exploited for the purposes of tax evasion.
A business will be liable if an employee or other associated person criminally facilitates tax evasion whilst acting in that capacity for the business, even if the senior management of the business was not involved or aware of what was going on. An associate includes all employees and persons providing services to the business, such as an accountant or adviser .Under this legislation, advisers face the possibility of substantial financial penalties, reputational damage and possibly prison.
Other key areas to be covered include updates to the Promoters of Tax Avoidance Scheme (POTAS) legislation and the Disclosure of Tax Avoidance Scheme (DOTAS legislation; the impact of the Money Laundering Regulations 2017, and the various codes of conduct of the various professional bodies.
Key case law covered includes the following