Violating the Criminal Finances Act 2017 can have crippling consequences for an organisation. The penalty for tax evasion can be anything up to 200% of the tax due and may even result in jail time. For example, income tax evasion can result in 6 months in prison or a fine of up to £5 000, with a maximum of seven years or an unlimited fine. Evasion of VAT carries similar punishment, though it could result in a £20 000 fine.