Cash in hand payments could be banned

[Lockhouse]

Crypto? Seems like an obvious solution.

[ladymuck]

And then you complain they put tax rates up for contractors to compensate...

Banks can already track everything you do so you'd think these days, they could easily spot suspicious patterns like Mr. Plumber makes numerous cash deposits to his personal account. In fact you already sometimes get asked "where did this cash come from" in certain circumstances.

They could enact a law specifying a maximum cash payment, or have the law only apply to trading entities, I suppose. This would mean you gran paying her gardener isn't affected - he is unlikely to be earning enough to have much tax to evade anyway.

I suspect those making a proper effort to avoid tax will not be banking the cash in manner that's so easy to spot. It's probably stashed under the floor boards or laundered in some way, depending on the level of criminality going on.

Your average plumber is not the problem with cash payments; it's those darn Ruskies laundering their ill gotten gains we need to keep an eye on.

[OwlHoot]

The only leverage they have in discouraging unaccountable cash payments is to say that courts will not entertain compensation claims without proof of payment, and those planning not to put a cash in hand payment through the books will presumably be reluctant to give a receipt.

[DimPrawn]

Banks can already track everything you do so you'd think these days, they could easily spot suspicious patterns like Mr. Plumber makes numerous cash deposits to his personal account. In fact you already sometimes get asked "where did this cash come from" in certain circumstances.

They could enact a law specifying a maximum cash payment, or have the law only apply to trading entities, I suppose. This would mean you gran paying her gardener isn't affected - he is unlikely to be earning enough to have much tax to evade anyway.

You're missing the point. If I pay my mate plumber £300 in cash for a job, he's not stupid enough to go and deposit this in his bank account. Instead he bungs his missus £100 for the shopping, keeps £100 in his wallet for the pub on Saturday, and the other £100 goes on filling up his brand new Porsche with petrol.

[d000hg]

So where did the cash come from for the Porsche?

300 a week is easy to hide, 300 a day less so. If you stash it under the bed you can't easily spend it.

[northernladyuk]

So where did the cash come from for the Porsche?

300 a week is easy to hide, 300 a day less so. If you stash it under the bed you can't easily spend it.

Those kind of cash sums are sometimes exchanged for white powder that can easily be hidden in the nasal cavity.

[shaunbhoy]

I make a point of paying tradesmen in cash because I know they are going to dodge the tax.

If it's someone I know (usually the case) they have given me mates rates anyway so I'm saving too and if it's not then I offer to pay cash if they'll charge me less as I know they'll not put it through the books.

How very "Socialist" of you.

[BR14]

So where did the cash come from for the Porsche?

300 a week is easy to hide, 300 a day less so. If you stash it under the bed you can't easily spend it.

well, i never had any problems spending it

[vetran]

well, i never had any problems spending it

we Know you think NLyUK is reassuringly expensive!

Plenty of people pay cash at the till & bar, just remember not to use your clubcard.

They need to make reporting every sale a requirement then prosecute when they don't.

Every tradesman we had wants cash, partially because the customer can't stop it. They need to create a tradesman's escrow account with a mediator that charges a fee to the losing party. One step down from the small claims court.

[BR14]

we Know you think NLyUK is reassuringly expensive!

Plenty of people pay cash at the till & bar, just remember not to use your clubcard.

They need to make reporting every sale a requirement then prosecute when they don't.

Every tradesman we had wants cash, partially because the customer can't stop it. They need to create a tradesman's escrow account with a mediator that charges a fee to the losing party. One step down from the small claims court.

well, thanks for that, but you know feck all about me, really, and you need to spend your 'contractor's fortune in some swiss clinic having a sense of humour fitted