Banking Cash...

[Forest2Furniture]

Pay cash into personal account then transfer to business has always worked for me, everything gets invoiced so it has to go through the books.

 

As a reminder, this is a public forum and all those suggesting and admitting to hiding away cash from the prying eyes of HMRC, you have just openly admitted to fraudulent practices.

[AHPP]

3 minutes ago, Forest2Furniture said:

As a reminder, this is a public forum and all those suggesting and admitting to hiding away cash from the prying eyes of HMRC, you have just openly admitted to fraudulent practices.

I'd also happily drown a VAT inspector in a horse trough if that helps.

[Forest2Furniture]

1 minute ago, AHPP said:

I'd also happily drown a VAT inspector in a horse trough if that helps.

You and many others no doubt.

I had a HMRC investigation a few years back not the nicest experience and one I would not recommend walking yourself into if you can help it.  

[swinny]

1 hour ago, doobin said:

You old fuckers had it easy- take all the cash you want, self cert mortgage!! Now here in the South I have to declare (and pay higher rate tax) to afford a half decent house.

Sums parts of it up quite well

[eggsarascal]

2 hours ago, doobin said:

You old fuckers had it easy- take all the cash you want, self cert mortgage!! Now here in the South I have to declare (and pay higher rate tax) to afford a half decent house.

It wasn't only easy it was a right laugh as well, scraping ice off the inside of windows in the winter before getting in a tin bath for a wash, then move two hundred miles from home because there was no work in our area, we did laugh.

[Mick Dempsey]

Is this an ‘ok boomer’ type dig at us oldies? 
 

 

[topchippyles]

Nothing wrong with cash payments and how much you declare does not need to be every penny you earn for gods sake,Just use common sense man ?Say you do a take down and then sell on the processed logs (firewood) for cash why would you declare that ?? ,You have been paid to take down a tree which is invoiced through the books,Timber/logs is a bonus as customer could have wanted for own use,Your own time cutting up and sell for cash.Young family so school dinners.uniforms/trips out which all require cash at some point.

Edited January 12, 2020 by topchippyles