Paying tax is an onerous duty and one we all wish we didn’t have to do.
Judging by recent newspaper headlines, it seems that if you are rich and famous tax avoidance is almost compulsory.
Whilst actual tax evasion is illegal (ie stashing it under your mattress), tax avoidance is not, it is simply the practice of being savvy with your money to limit the amount it can be taxed within the law.
With the General Election now less than 100 days away, the contenders are throwing their economic hats into the ring. Although none of the 3 main parties has provided a manifesto as yet, they have all been giving their views on tax and spending and reducing the UK deficit. Here is a quick overview to where the three main parties stand on balancing the UK's books.