Economics class: UK prosecutions of tax evasion enablers drop by 80 per cent

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

• Fiscal policy, withdrawals and injections from the circular flow of income, opportunity cost, government failure

Click on the article below to read and then answer the questions:

UK prosecutions of tax evasion enablers drop by 80 per cent

• Briefly outline the role of HM Revenue & Customs

• Distinguish between i) tax evasion; and ii) tax avoidance

• Explain what is meant by the tax gap

• Analyse the economic costs associated with tax evasion

Gavin Clarke, Emmanuel College