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Explained in plain English

What is tax avoidance?

Tax avoidance involves using legal loopholes to reduce your tax bill, often in ways not intended by the law. It's different from tax evasion, which is illegal. Schemes like the 'disguised remuneration' loans aimed to avoid income tax and National Insurance, leading to the Loan Charge.

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HMRC offers scheme cutting tax avoidance loan bills by up to £70,000

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How do countries tackle avoidance? Can I get money back? What is the Loan Charge? What can a Budget actually tax? What is Capital Gains Tax? Why change tax rules? Why do cities need tax powers? What is council tax?

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