Part 3: Corporate offences of failure to prevent facilitation of tax evasion Guidance about prevention procedures Section 47: Guidance about preventing the facilitation of tax evasion offences
Section 47 requires the Chancellor of the Exchequer to publish guidance about the procedures that relevant bodies might put in place. This requirement is similar to the requirement in Bribery Act 2010 to publish guidance on how to prevent bribery.
	Sub-section (7) enables the Chancellor to endorse guidance prepared and published by others. It is therefore possible for guidance prepared by a trade association, for example, addressing the particular risks arising within that sector of industry, to be endorsed by Government. This would result in the overarching guidance under sub-section (1) being supported by consistent guidance more closely tailored to the sector of industry at hand.