June 24th, 2011

Avoidance v Evasion

No one particularly likes paying tax – and people will go to great lengths not to. But what’s the difference between tax evasion and tax avoidance. The media often use the terms as being interchangeable but there is a real and straightforward difference. Evasion is illegal, avoidance isn’t.

Tax avoidance is arranging your financial affairs in a way that keeps your tax bill down. It could be as simple, common sense stuff right the way through to complex tax structures.  Whilst there is nothing illegal about tax avoidance companies and individuals, like Bono, who use complex and artificial structures can find themselves in the spotlight for all the wrong reasons.

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HMRC Tax avoidance

by
Managing Director

Jonathan trained as a chartered accountant with Price Waterhouse (now PWC) in Liverpool before becoming a small business services manager for Grant Thornton in Warrington. He also spent three years as the financial controller for Brookside and Hollyoaks (not that he ever mentions it!).

Jonathan is recognised as a specialist in the entertainment industry and is often called upon to provide training courses and seminars for media professionals. He's also a bit of a technology geek and has been recognised with the accountancy industry as one of the most progressive accountants in the UK.
Outside of work Jonathan is very proud to be the Treasurer of the Tim Parry Johnathan Ball Foundation for Peace and to be on the Council of the Liverpool Institute of Performing Arts (LIPA)

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