Live revision! Join us for our free exam revision livestreams Watch now


Tax Avoidance

Tax avoidance involves using legal loopholes to avoid a liability to pay tax to a government. Tax avoidance is legal whereas tax evasion is illegal. In 2016/17 the annual cost of tax avoidance in the UK was estimated to be £1.7 billion, while the cost of tax evasion was £5.3 billion.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.