A new programme from the e-learning supplier, Engage in Learning, examines the impact on organisations of Part Three of the Criminal Finances Act 2017 – and the Actâ€™s implications for employees.
Anyone working in, or for, UK organisations is affected by this legislation. The Act, which targets corruption, money laundering and tax evasion, aims to recoup criminal assets and is part of the UK Governmentâ€™s strategic approach to reducing financial crime.
From 30th September 2017, the Criminal Finances Act 2017 made companies and partnerships criminally liable if they fail to prevent tax evasion by either a member of their staff or an external agent – even where the business was not involved in the act or was unaware of it. A successful prosecution could lead to both a conviction and unlimited penalties.
â€œTax evasion is already an offence,â€ explained Chris Horseman, Engage in Learningâ€™s CEO, â€œbut, until this Act, it was only possible to ascribe criminal liability if the most senior members of the organisation â€“ typically the board of directors â€“ were aware of the facilitation. Significantly, the new rules cover both UK and overseas taxes where there is a UK element – and they apply to every employee of the organisation.â€
Part Three of the Criminal Finances Act 2017 deals with â€˜corporate offences of failure to prevent facilitation of tax evasionâ€™, setting out offences that hold corporations and partnerships criminally liable when they fail to prevent their employees, agents, or others who provide services on their behalf from criminally facilitating tax evasion.
Learners using the Engage in Learning e-learning programme will:
- be able to define tax evasion
- understand some of the impacts of tax evasion
- understand their organisationâ€™s attitude to tax evasion
- be aware of what they must – and must not – do in the workplace
- be able to describe the offences created by the Act
- understand the Actâ€™s requirements
- be able to explain some of the key terms used in the Act
- understand what is meant by â€˜reasonable prevention proceduresâ€™
- be able to explain the consequences of non-compliance
- be able to describe some of the warning signs of possible tax evasion
- understand the six principles of reasonable prevention procedures
- understand the importance of reporting suspected tax evasion
- understand the possible consequences of failing to report
- know how to raise a concern
Kate Carter, Engage in Learningâ€™s Operations and Marketing Manager, commented, â€œOur e-learning programmes are well-known for providing a highly interactive learning experience for users â€“ and this new programme is no exception.
â€œFor example, in the programmeâ€™s second module, learners interact with various scenarios to identify different types of tax evasion in a drag-and-drop exercise. Learners are also asked to identify the kinds of tax evasion that they might encounter in their work.
â€œIn addition, the programme explains the three steps of the offence of facilitating criminal tax evasion by asking learners to judge, within a given scenario, whether each stage of the offence has been committed.
â€œThe fourth module of the course contains an interactive â€˜photo storyâ€™,â€ added Kate. â€œThis photo story invites learners to identify â€˜red flagsâ€™ in a case study scenario.
â€œThe same case study is used to take the learner through the decision to â€˜blow the whistleâ€™ – and explores what to do if there is resistance.â€
The new criminal finances act programme â€“ along with Engage in Learningâ€™s extensive, and extending, programme portfolio â€“ will be on show on stand H05 at the Learning Technologies event in Londonâ€™s Excel, on 13th and 14th February 2019.
For further details about Engage in Learningâ€™s growing portfolio of e-learning materials, visit: https://www.engageinlearning.com/
About Engage in Learning
A UK-based supplier of eLearning courses and solutions focusing on helping organisations improve their safety, compliance and performance, Engage in Learning provides engaging and affordable learning thatâ€™s practical and effective in an organisational setting.
Further information from:
Kate Carter, Engage in Learning, +44 (0)20 3758 9530, firstname.lastname@example.org
Bob Little, Bob Little Press & PR, +44 (0)1727 860405, email@example.com