London | Frankfurt | Madrid | Milan | Rome

MODERN LAWYERSFOR CHANGING TIMES 'a City firm in a non-City location' - Legal 500


Bribery Act 2010 – by Siobhain Egan

As part of the coalition government’s renewed attempts to clamp down on business corruption, this act came into force in July 2011. Its stringent conditions apply to those individuals and companies trading; both foreign and UK companies, as long as the foreign companies operate in this country.

The act demands that individuals and companies have in place adequate anti-corruption procedures. The act is not particularly well-drafted and therefore there are many grey areas which are open to interpretation.

The SFO are advocating the need for self-reporting and the government is currently considering the use of deferred prosecution agreements in this context.

The penalties for failing to install adequate anti-corruption procedures are high. The FSA have recently and repeatedly levied huge fines against companies who have failed to do this.

Lewis Nedas Law have a team of serious fraud experts headed by Jeffrey Lewis, who can assist with advice regarding these anti-corruption systems and other relevant issues. We have a thirty-year proven track record of success in dealing with tax, VAT investigations and fraud, money laundering, and insider dealing.

We work with highly regarded independent forensic accountants and barristers.

We can advise where you suspect fraud or corruption within your company and how to approach the authorities. We pride ourselves upon our ‘City standards of practice’ without the City rates!

Contact Jeffrey Lewis.

Continue reading
  2559 Hits
2559 Hits

New Offshore Account Offensive by HMRC – by Siobhain Egan

HM Revenue & Customs have recently announced that they have arrested and interviewed eight individuals under caution in relation to offshore accounts. This is as a result of the formation of an elite specialist investigative sub-directorate of HMRC who will aggressively pursue the so-called ‘abuse’ of offshore accounts.

Thanks to recent international cooperation from foreign counterparts, the Revenue have managed to identify some 500,000 individuals who hold such offshore accounts. They have vowed to prosecute at least nine hundred people per year for tax fraud. Each of these individuals will receive a letter from HMRC demanding information about the offshore account. Note that they are not specifically pursuing the ‘fabulously wealthy’ who have such accounts, it is anyone who holds an account.

The Revenue have two approaches which they can take: firstly a criminal prosecution which can lead to further allegations relating to money laundering, serious fraud, Proceeds of Crime Act offences, convictions and asset confiscation; or alternatively the civil procedure which is known as Code of Practice 9.

The Revenue really do mean business this time. To face either a criminal prosecution or a civil investigation is time consuming, frightening, and can be very expensive in the long-term. It is important that if either you or your client receives a letter from HMRC you immediately instruct both specialist criminal defence solicitors and specialist tax accountants who are used to dealing with the new full-on and aggressive stance being taken by the Revenue. This is turn can save time, stress, criminal proceedings, civil recovery or criminal asset recovery. It can save money, including penalties and interest.

Many of you will have accounts in the family which have been there for generations and have remained untouched for years. This will not exclude you from the Revenue’s investigations.

At Lewis Nedas Law we have a department which is dedicated to the defence of Inland Revenue investigations and prosecutions. We offer a City standard of service at reasonable and realistic pricing levels. We work with leading tax/criminal defence QCs and tax accountants at different pricing levels. If you require any advice please contact Jeffrey Lewis.

Continue reading
  1884 Hits
1884 Hits

and Awards

legal 500 uk leading firm 2017 chambers leading firm 2017