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Tax avoidance vs tax evasion

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Tax avoidance vs tax evasion

  • This topic has 2 replies, 2 voices, and was last updated 6 years ago by madni141.
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  • November 7, 2019 at 1:28 am #551716
    madni141
    Member
    • Topics: 27
    • Replies: 16
    • ☆

    The main forms of tax evasion are:
    Suppressing (concealing) information
    Submitting false information
    In the study text understating income is considered as suppressing information and claiming false expenses is considered as false information.
    My confusion is “Understating income essentially means stating less income and claiming false expenses means overstating expenses, so both of these should be considered as false information.”

    November 7, 2019 at 1:11 pm #551773
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    May I advise you to get away from worrying about precise definitions as per your questions which will not be an issue in the exam – you need to get into learning about the individual taxes – move to chapter 2 and focus on the content and rules governing the preparation of the various tax computations – as I stated in the introductory lectures.

    November 8, 2019 at 4:00 pm #551840
    madni141
    Member
    • Topics: 27
    • Replies: 16
    • ☆

    Alright, Thank you.

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