BUSINESSES have been warned that changes to the law could have a significant impact on corporate gifts to customers and clients.

From April, the UK will have one of the world’s strictest anti-bribery laws and enforcement agencies have indicated their plans to make full use of the new powers.

The Bribery Act 2010 contains radical changes for businesses who flaunt the rules and makes it easier to convict people who pay or offer to pay bribes and those who receive or solicit them.

The Act also contains more stringent requirements in relation to dealings with foreign public officials and a new corporate offence of failing to prevent bribery by an associated person, such as an overseas distributor or agent.

Debra Halcrow, director in PricewaterhouseCoopers forensic services practice, Newcastle, said: “Christmas is the peak season for client entertaining and gift giving, but companies would be wise to ensure their policies in this area are adequate and are properly enforced.

“Employees need to be made aware exactly what the rules are in this area. Suppliers should also be made aware that excessive gifts and hospitality are often not wished for and can be counter-productive.”