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"Tax Evasion"

Tax evasion means any efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means.

 

evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability and includes in particular dishonest tax reporting, such as declaring less income, profits or gains than actually earned or overstating deductions.

 

Tax avoidance, on the other hand, is the legal utilization of the tax regime to one's own advantage to reduce the amount of tax that is payable by means that are within the law. Both tax evasion and avoidance can be viewed as forms of tax noncompliance.

HMRC now have new powers to ‘name and shame’ taxpayers that have committed tax evasion. This applies to taxpayers who have committed tax evasion offences resulting in a tax loss of £25,000 or more. If you have committed tax evasion or been accused of tax evasion by HMRC, you NEED to fight it. Contact us for help.

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