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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.

Stories that explain this

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

Related explainers

How do countries tackle avoidance? Why is HMRC doing this? Can I get money back? What is the Loan Charge? What is Capital Gains Tax? Why do cities need tax powers? What is council tax? Your council tax at risk

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