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Business: Chapter 12 - Taxation Taxes (Common household and personal taxes…
Business: Chapter 12 - Taxation
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Tax avoidance is when you reduce the amount of tax you have to pay by claiming certain tax credits. This is perfectly legal.
Tax evasion is when people fail to declare some or all of their income. This is illegal and those found guilty of tax evasion are liable to pay the overdue tax and will also be subject to interest and penalties.
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A Personal Public Service Number is an individual's unique reference number that is used in all dealings with public service agencies' including Revenue.
Emergency Tax is when you pay more tax than you need to until you are registered for tax, they will then pay you back any tax you have overpaid.