ACCA TX ^UK Syllabus A. UK Tax System & Administration - Tax Avoidance And Tax Evasion - Notes ^{3 / 5}

The main forms of tax evasion are:

• Not giving all information

• Giving false information

It's arranging your income to minimise tax - although HMRC are introducing anti-avoidance legislation to lower the advantages to the taxpayer

Tax avoidance features..

• No misleading information given

• Can use loopholes in the tax system

This fights artificial and abusive schemes (unreasonable courses of action) which are used to avoid paying tax