Customers asking to pay cash to avoid VAT.

[donnk]

if your not turning enough to pass vat threshold then you must be close to minimum wage.

[Ty Korrigan]

On 21/04/2021 at 17:14, benedmonds said:

It annoys me the number of customers, wealthy and respectable who ask me to break the law and take cash payments..

Is this to harsh a reply?

 

Unfortunately we have to pay VAT. Intentional evasion of VAT is a criminal offence under section 72(1) of the Value Added Tax Act 1994. It is a serious offence carrying a possible prison sentence of 7 years. Charges can also be brought under the Fraud Act 2006.

 

Quite understandable once a business grows past the one man band stage with credit and employees.

 

Otherwise, surely going out on the odd Saturday morning, 200t in hand and bagging cheeky amounts of filthy lucre for very little outlay, is one of the great perks of our trade?

 

Also, those who find liquidating cash an encumbrance need more imagination.

Holidays, hobbies and 'hores are all great ways in which to dispose of filthy lucre.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Edited May 1, 2023 by Ty Korrigan

[maybelateron]

1 hour ago, Ty Korrigan said:

Quite understandable once a business grows past the one man band stage with credit and employees.

 

Otherwise, surely going out on the odd Saturday morning, 200t in hand and bagging cheeky amounts of filthy lucre for very little outlay, is one of the great perks of our trade?

 

Also, those who find liquidating cash an encumbrance need more imagination.

Holidays, hobbies and 'hores are all great ways in which to dispose of filthy lucre.

I have always regarded your comments/entries on this forum with the utmost respect. I actually mean that sincerely, not tongue in cheek. However, I could not possibly respond to this latest post of yours on such a public forum like this as honestly as I would like to!!

[Steve Bullman]

2 minutes ago, maybelateron said:

I have always regarded your comments/entries on this forum with the utmost respect. I actually mean that sincerely, not tongue in cheek. However, I could not possibly respond to this latest post of yours on such a public forum like this as honestly as I would like to!!

Please do, we are all curious now 😀

[topchippyles]

5 minutes ago, maybelateron said:

I have always regarded your comments/entries on this forum with the utmost respect. I actually mean that sincerely, not tongue in cheek. However, I could not possibly respond to this latest post of yours on such a public forum like this as honestly as I would like to!!

Go on Bud fill ya boots 🙂

[topchippyles]

2 hours ago, Ty Korrigan said:

 

Quite understandable once a business grows past the one man band stage with credit and employees.

 

Otherwise, surely going out on the odd Saturday morning, 200t in hand and bagging cheeky amounts of filthy lucre for very little outlay, is one of the great perks of our trade?

 

Also, those who find liquidating cash an encumbrance need more imagination.

Holidays, hobbies and 'hores are all great ways in which to dispose of filthy lucre.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Everyone has done it some time or other fact. 

[maybelateron]

1 hour ago, topchippyles said:

Everyone has done it some time or other fact. 

Welcome to Mastermind.

 

What is your chosen subject?

 

Stating the patently bleeding obvious your honour. 😀

[topchippyles]

37 minutes ago, maybelateron said:

Welcome to Mastermind.

 

What is your chosen subject?

 

Stating the patently bleeding obvious your honour. 😀

Not if you read some of the replies in this thread 😉

[maybelateron]

4 minutes ago, topchippyles said:

Not if you read some of the replies in this thread 😉

Fair comment guv