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Reply to: Cash in hand payments could be banned
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Previously on "Cash in hand payments could be banned"
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Originally posted by d000hg View PostSo 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.
The cash pays for all the household shopping at Waitrose, visits to nice restaurants, expensive clothes/shoes for the wife, fuel, trips out to hotels. All the luxuries.
Amazing what you can do when you receive a large proportion of your income in lovely cash...
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Originally posted by vetran View Postwe 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.
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Originally posted by BR14 View Postwell, i never had any problems spending it
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.
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Originally posted by Batcher View PostI 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.
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Originally posted by d000hg View PostSo 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.
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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.
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Originally posted by d000hg View Post
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.
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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.
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Originally posted by d000hg View PostAnd 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.
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.
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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.
Leave a comment:
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