Unit 20 CSR

Tax evasion is a legal way of not paying tax

• True

• False

Which of these is not a part of tax reducing activities?

• Pension

• Saving into an ISA

• Concealing income from HMRC

Tax avoidance is bending the rules of the tax system I order to gain tax advantage which parliament did not intend?

• True

• False

If you make a mistake whilst trying to take reasonable care of your tax affairs will the HMRC charge you a penalty?

• Yes

• No

• Maybe/ it depends

Bribery involves the exchange of money?

• True

• False

What is it called when you act in a deceptive way for a gain in an unlawful manor?

• Fraud

• Bribery

• Tax Avasion

• Tax Avoidance

Can an individual receive a prison sentence for 10 years as the maximum penalty for bribery?

• True

• False

Severance packages are when the employer doesn't pay the employee after their employment has ended

• True

• False

What do corporates give out to employees on good behaviour

• Gift bags

• Bonuses

• Holiday leave

• Nothing

Diversity is the understanding that everyone is unique and recognising individua differences

• True

• False