Insider dealing is a serious charge, one that comes with considerable consequences if an individual is found guilty. It’s a complex area of law which can create confusion. In this guide, we look at insider…Read more
Publications & FAQs
Richardson Lissack
21 April, 2022
21
April, 2022
Professional Negligence Claims
We rely on the opinions of professionals to help us make important decisions about, for example, our legal and financial affairs. This work can be extremely complex, and if the advice we receive isn’t up…Read more
20 April, 2022
20
April, 2022
Common issues relating to civil litigation
The process of pursuing civil litigation sounds simple enough. When a dispute arises you set out a claim against your opponent and detail the resolution you require. If that doesn’t happen, you then issue a…Read more
19 April, 2022
19
April, 2022
Civil Litigation from both sides
Litigation is the principal means by which parties in England and Wales attempt to resolve civil disputes. The process is governed by the Civil Procedure Rules (CPR), and each party has to persuade a judge…Read more
17 April, 2022
17
April, 2022
CIFAS Markers: Data subject access request (DSAR)
What is a Cifas marker? CIFAS stands for ‘Credit Industry Fraud Avoidance System‘, a not-for-profit fraud prevention membership organisation. It operates as a fraud prevention service, and manages the largest database of fraudulent conduct instances…Read more
14 April, 2022
14
April, 2022
What you need to know about CIFAS markers
Natural Fraud Database CIFAS fraud markers are adverse judgements through which one institution, be it a bank, loan company or an insurer, for example, can warn another about risks associated with a potential customer. CIFAS…Read more
16 November, 2021
16
November, 2021
Difficult Decisions for Directors – a word of warning!
What the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill means for directors. As we emerge from lockdown many company directors have difficult decisions to make. Notwithstanding the dreadful effect the pandemic has had on…Read more
30 September, 2021
30
September, 2021
Three basic stages of civil litigation
Not without reason do civil litigation proceedings have a reputation for being both lengthy and potentially costly. Therefore, it’s important to have a clear understanding of what proceedings will entail before they are entered into….Read more
22 September, 2021
22
September, 2021
Has your business been reported for tax evasion?
If you are notified that your business has been reported for tax evasion the whole process can be incredibly stressful and daunting. It can have range of consequences both personally and for your business. Many…Read more
1 September, 2021
1
September, 2021
What are the penalties for tax evasion in the UK?
If you are being investigated for tax evasion it is highly likely that HMRC has discovered irregularities which it believes are suspicious or has found inconsistencies in your tax return or company accounts. Using a…Read more
30 April, 2021
30
April, 2021
Civil tax investigations versus criminal tax investigations
HMRC’s policy is to deal with most tax fraud and evasion cases through civil investigation. It does this by making use of the Contractual Disclosure Facility (CDF) procedures, but retains the right to begin criminal…Read more
2 March, 2021
2
March, 2021
Tim Thomas quoted in Bloomberg in relation to the PCP v Barclays case
Following the release of the judgment in PCP and Barclays, one of our directors, Tim Thomas, spoke to Bloomberg about the potential repercussions for senior bank figures John Varley and Roger Jenkins, despite the claim…Read more
27 October, 2020
27
October, 2020
How common are civil tax investigations?
We are often asked how common civil tax investigations are. The accurate figures are difficult to quantify, but some have been released because of Freedom of Information requests in the past. These usually relate to…Read more
26 October, 2020
26
October, 2020
Richardson Lissack quoted in the Law Gazette regarding HMRC Investigations
Managing Director, Ben Richardson quoted in the Law Gazette in relation to an article regarding HMRC Investigations. https://www.lawgazette.co.uk/features/cold-hard-cash/5106091.article…Read more
30 September, 2020
30
September, 2020
Banker walks free from insider trading charge after deleting WhatsApp
Tim Thomas, Director and Head of Financial Services Regulation, talks to Bloomberg about the recent acquittal of Konstantin Vishnyak: Bloomberg: Hitting delete was better than the panic button for ex banker…Read more
28 September, 2020
28
September, 2020
Financial Crimes Enforcement Network (FinCEN) leak: UHNWI’s – the wrong target?
The FinCEN leak will surprise no experienced lawyers advising UHNWIs (Ultra-High Net Worth Individuals) and their professional advisers. The irony of the disclosure by International Consortium of Investigative Journalists (ICIJ) and the recent BBC Panorama…Read more
21 September, 2020
21
September, 2020
The FCA and cannabis: an unlikely pairing?
The recent announcement by the Financial Conduct Authority (FCA) of guidance for companies in the medicinal cannabis sector, thinking about listing on UK exchanges, is a welcome development. While the 2018 legalisation of medicinal cannabis…Read more
1 September, 2020
1
September, 2020
Furlough fraud: what lies ahead?
Furlough fraud claims are on the rise. Her Majesty’s Revenue & Customs (HMRC) together with whistleblowing organisations are reporting thousands of complaints against employers in relation to abuse of the Coronavirus Job Retention Scheme (CJRS)….Read more
21 August, 2020
21
August, 2020
Coronavirus Business Interruption Loans – fraud investigations on the horizon?
The Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Bank Loan Scheme (BBLS) are the UK government-backed schemes introduced to help SME and large businesses through…Read more
17 February, 2020
17
February, 2020
How to prepare your business for an IR35 civil investigation
Despite best efforts to ensure that your business is compliant with IR35 legislation, HMRC may still open an investigation. If you receive notification of an investigation , it is important not to panic. Being prepared…Read more