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31 January 2018
Catch them young!
KEY POINTS
- Young people need to be better informed about their tax responsibilities.
- HMRC has produced two tax videos for schools.
- The animations cover employment self-employment and the hidden economy.
People in generation Z – those born after 1995 – spend three hours online every day on average. That is a lot of time searching for and sharing information. But within all that activity it is fair to assume that few of them will be searching for advice about their future responsibilities as taxpayers.
HMRC asked young people how much they knew about tax. Their answer was simple: not much. Some of them said that because of that knowledge gap taxation was an aspect of adult life that worried them. Teachers to whom HMRC spoke also said it was not a subject they would feel confident teaching.
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