Business people convicted of fraud could be struck off professional
registers, ordered to wind up their companies and be forced to pay back their
victims, under proporsed measures open to judges as an alternative to jail.
General Baroness Scotland says the measures would prevent fraudulent
business people from committing further offences and give judges a ‘one stop
shop’ which, if put in place, could be used to improve sentencing of those
guilty of fraud offences, according to The Daily Telegraph.
She said the professionals who could be banned from practising under these
powers included legal services personnel, estate agents and financial services
The powers form part of the Crown Court Powers consultation and is a response
to last year’s Fraud Review which found that these professions were most prone
to exploitation by fraudsters.
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group