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Ask the Tutor ACCA FA

tax evasion

Llewis5y ago
Not advising HMRC in the UK about income earned from self employment. Investing funds in an ISA in the UK so that tax is not paid on the interest earned on savings. Exploiting loopholes in the law to find legal means of reducing tax paid. Partners arranging their tax affairs in a way that minimises tax paid. which of those can be an example of tax evasion?
John MoffatJohn MoffatTutor5y ago#1
I do not know why you are asking this in the Paper FA forum because this is not examinable in Paper FA. Only the first one is tax evasion. The other three are examples of tax avoidance.
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