New guidance has been published by HMRC to assist companies and partnerships when “self-reporting” in circumstances where they discover they have failed to prevent the facilitation of tax evasion and believe they may have committed an offence under Part 3, Criminal Finances Act 2017.

The guidance provides details on how to notify HMRC should such a discovery be made. Self reporting does not guarantee that an organisation will not be prosecuted but it could form part of that organisation’s defence and is likely to be relevant in relation to the level of any penalties imposed by HMRC.

A copy of the guidance can be found here