ICAEW Principles Of Taxation Practice Questions - ICAEW ACA Certificate Level - Principles Of Taxation (Tax Fundamentals) Exam - Variant 2

Which of the following best describes 'tax avoidance' as distinct from 'tax evasion'?

Using legal means to arrange affairs and minimise tax liability Deliberately concealing income to reduce a tax bill Failing to submit a tax return after a reminder Claiming relief for expenditure that was never incurred

Correct Answer:

Using legal means to arrange affairs and minimise tax liability

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