OUR ANTI TAX EVASION POLICY
Main Nickolls LLP is committed to conducting its business in an ethical and transparent manner. As a law firm operating in the United Kingdom, specializing in criminal defence and family matters, we recognise the importance of adhering to all relevant tax laws and regulations. This Anti-Tax Evasion Policy outlines our commitment to preventing tax evasion and sets out the procedures in place to ensure compliance.
1. Commitment to Compliance
Main Nickolls LLP is committed to complying with all applicable tax laws and regulations. We reject any form of tax evasion, whether committed by our employees, associates, or clients. We are dedicated to conducting our business with integrity and transparency.
2. Legal Framework
We will adhere to all relevant UK tax laws, including but not limited to the Taxes Management Act 1970, the Finance Act 2021, and the Criminal Finances Act 2017. We will also remain vigilant in keeping abreast of any changes to tax legislation and update our policies and procedures accordingly.
3.1 Senior Management:
• Senior management will lead by example, promoting a culture of compliance and ethical behavior.
• Allocate resources to support compliance with tax laws.
• Regularly review and update policies and procedures.
3.2 All Staff:
• Employees are expected to comply with tax laws and report any concerns promptly.
• Attend training sessions to enhance awareness of tax evasion risks.
4. Prevention of Tax Evasion
4.1 Risk Assessment:
• Conduct regular risk assessments to identify and mitigate the risk of tax evasion.
• Assess the risks associated with clients, associates, and business transactions.
4.2 Due Diligence:
• Implement due diligence procedures when taking on new clients or engaging in business transactions.
• Verify the tax compliance status of clients and associates.
5. Reporting Concerns
Any concerns or suspicions of tax evasion should be reported promptly using the firm's established reporting procedures. Reports can be made to the designated compliance officer or through our confidential reporting channels.
6. Training and Awareness
All employees will receive regular training on the risks of tax evasion and the importance of compliance. Training will be tailored to the specific requirements of our business, with an emphasis on practical examples related to criminal defense and family matters.
7. Communication with Clients and Associates
Main Nickolls LLP will communicate its commitment to preventing tax evasion to clients and associates. We will also make them aware of our due diligence procedures and the consequences of involvement in tax evasion.
8. Monitoring and Review
This policy will be regularly monitored and reviewed to ensure its effectiveness. Any necessary adjustments will be made to address changes in legislation or emerging risks.
Main Nickolls LLP is dedicated to preventing tax evasion and promoting a culture of integrity and compliance. This policy will be communicated to all staff, clients, and associates, and its effectiveness will be continuously assessed and improved.