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lindseynicole  Phila PA 24 Feb 15 11.57am |
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Tax dodging is costing governments – both in the UK and in developing countries – billions. This is money which is vital for tackling poverty. But despite the positive rhetoric from politicians, our polling shows that only one in five people believe political parties have gone far enough in their promises to tackle tax avoidance by large companies.
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 chris123  hove actually 24 Feb 15 12.10pm |
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Quote Hoof Hearted at 24 Feb 2015 11.37am
Quote chris123 at 23 Feb 2015 6.56pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
If you rent out a room for less than £80 a week you are exempt.
How many rooms in London are let out for less than £80 a week?
The first £4250 rent is exempt from tax.
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| npn Crowborough 24 Feb 15 12.21pm |
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Quote Hoof Hearted at 24 Feb 2015 11.35am
Quote Pussay Patrol at 23 Feb 2015 1.42pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
Actually small traders don't have to charge or declare VAT if their business earns under the the VAT threshold. So small time one man bands like window cleaners or odd job men for example won't charge it.
Okay... but paying them cash gives them the opportunity to not declare earnings and avoid income tax.
Nothing illegal or even immoral about paying someone cash. The only dodgy part is if you are doing it knowing they will not declare it (and it's highly unlikely you'd know). If you pay someone in cash and they don't inform the tax man, it's them breaking the law, not you.
Your example on the VAT front is a good one, though, if they are VAT registered and you collude in paying under the counter in return for a lower bill, you're aiding tax evasion. Personally I'd always be reluctant to do that on the grounds that bypassing the tax also involves bypassing a receipt, and leaves you scuppered should the job not be up to scratch
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| Hoof Hearted 24 Feb 15 6.43pm |
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Quote chris123 at 24 Feb 2015 12.10pm
Quote Hoof Hearted at 24 Feb 2015 11.37am
Quote chris123 at 23 Feb 2015 6.56pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
If you rent out a room for less than £80 a week you are exempt.
How many rooms in London are let out for less than £80 a week?
The first £4250 rent is exempt from tax.
Answer my question!
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| TUX redhill 24 Feb 15 7.59pm |
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Quote Hoof Hearted at 24 Feb 2015 11.35am
Quote Pussay Patrol at 23 Feb 2015 1.42pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
Actually small traders don't have to charge or declare VAT if their business earns under the the VAT threshold. So small time one man bands like window cleaners or odd job men for example won't charge it.
Okay... but paying them cash gives them the opportunity to not declare earnings and avoid income tax.[/quote]
And saves someone money. A point rarely mentioned for some reason?
Someone living on cash jobs still has to spend. That expenditure is taxed in one way or another.
Ultimately the money all ends up in the same pot.
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| Hoof Hearted 25 Feb 15 11.20am |
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Quote TUX at 24 Feb 2015 7.59pm
Quote Hoof Hearted at 24 Feb 2015 11.35am
Quote Pussay Patrol at 23 Feb 2015 1.42pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
Actually small traders don't have to charge or declare VAT if their business earns under the the VAT threshold. So small time one man bands like window cleaners or odd job men for example won't charge it.
Okay... but paying them cash gives them the opportunity to not declare earnings and avoid income tax.[/quote]
And saves someone money. A point rarely mentioned for some reason?
Someone living on cash jobs still has to spend. That expenditure is taxed in one way or another.
Ultimately the money all ends up in the same pot.
You seem to be giving the thumbs up for income tax evasion then?
Or is it only okay for small traders?
Everyone has to spend.
Edited by Hoof Hearted (25 Feb 2015 11.21am)
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| TUX redhill 25 Feb 15 5.18pm |
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Quote Hoof Hearted at 25 Feb 2015 11.20am
Quote TUX at 24 Feb 2015 7.59pm
Quote Hoof Hearted at 24 Feb 2015 11.35am
Quote Pussay Patrol at 23 Feb 2015 1.42pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
Actually small traders don't have to charge or declare VAT if their business earns under the the VAT threshold. So small time one man bands like window cleaners or odd job men for example won't charge it.
Okay... but paying them cash gives them the opportunity to not declare earnings and avoid income tax.[/quote]
And saves someone money. A point rarely mentioned for some reason?
Someone living on cash jobs still has to spend. That expenditure is taxed in one way or another.
Ultimately the money all ends up in the same pot.
You seem to be giving the thumbs up for income tax evasion then?
Or is it only okay for small traders?
Everyone has to spend.
Edited by Hoof Hearted (25 Feb 2015 11.21am)
Think of all the people/places that take cash and there are thousands upon thousands of them from cleaners, child-minders, builders/construction, cafes, pubs, market stalls, scarf sellers at Selhurst etc etc and the list goes on.
Agreed, everyone has to spend, but many things would be far dearer for many if every single penny was to be accounted for.
I get your point and realise how mine comes across but every economy needs a 'black market' to some degree....imo.
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| chris123 hove actually 25 Feb 15 5.58pm |
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Quote TUX at 25 Feb 2015 5.18pm
Quote Hoof Hearted at 25 Feb 2015 11.20am
Quote TUX at 24 Feb 2015 7.59pm
Quote Hoof Hearted at 24 Feb 2015 11.35am
Quote Pussay Patrol at 23 Feb 2015 1.42pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
Actually small traders don't have to charge or declare VAT if their business earns under the the VAT threshold. So small time one man bands like window cleaners or odd job men for example won't charge it.
Okay... but paying them cash gives them the opportunity to not declare earnings and avoid income tax.[/quote]
And saves someone money. A point rarely mentioned for some reason?
Someone living on cash jobs still has to spend. That expenditure is taxed in one way or another.
Ultimately the money all ends up in the same pot.
You seem to be giving the thumbs up for income tax evasion then?
Or is it only okay for small traders?
Everyone has to spend.
Edited by Hoof Hearted (25 Feb 2015 11.21am)
Think of all the people/places that take cash and there are thousands upon thousands of them from cleaners, child-minders, builders/construction, cafes, pubs, market stalls, scarf sellers at Selhurst etc etc and the list goes on.
Agreed, everyone has to spend, but many things would be far dearer for many if every single penny was to be accounted for.
I get your point and realise how mine comes across but every economy needs a 'black market' to some degree....imo.
Ours is about £40 billion a year it seems.
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| TUX redhill 25 Feb 15 6.31pm |
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Quote chris123 at 25 Feb 2015 5.58pm
Quote TUX at 25 Feb 2015 5.18pm
Quote Hoof Hearted at 25 Feb 2015 11.20am
Quote TUX at 24 Feb 2015 7.59pm
Quote Hoof Hearted at 24 Feb 2015 11.35am
Quote Pussay Patrol at 23 Feb 2015 1.42pm
Quote Hoof Hearted at 23 Feb 2015 10.28am
Another act of hypocrisy (by probably everyone on here I'd wager) is to pay builders/plumbers/electricians/workmen cash, to get a job done cheaper and avoid paying VAT.
.. and how many people let out rooms and don't declare that income?
It all adds up and doesn't help our economy.
Actually small traders don't have to charge or declare VAT if their business earns under the the VAT threshold. So small time one man bands like window cleaners or odd job men for example won't charge it.
Okay... but paying them cash gives them the opportunity to not declare earnings and avoid income tax.[/quote]
And saves someone money. A point rarely mentioned for some reason?
Someone living on cash jobs still has to spend. That expenditure is taxed in one way or another.
Ultimately the money all ends up in the same pot.
You seem to be giving the thumbs up for income tax evasion then?
Or is it only okay for small traders?
Everyone has to spend.
Edited by Hoof Hearted (25 Feb 2015 11.21am)
Think of all the people/places that take cash and there are thousands upon thousands of them from cleaners, child-minders, builders/construction, cafes, pubs, market stalls, scarf sellers at Selhurst etc etc and the list goes on.
Agreed, everyone has to spend, but many things would be far dearer for many if every single penny was to be accounted for.
I get your point and realise how mine comes across but every economy needs a 'black market' to some degree....imo.
Ours is about £40 billion a year it seems.
Which is around one third of corporate tax avoidance.
And I'm purely guessing but I reckon the vast majority of that money is spent in the UK rather than disappearing abroad.
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Monty the Eagle  Lima 30 Apr 15 3.04pm |
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Interesting infographic on what businesses contribute.
[Link]
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