I'm confused ? Still gotta pay tax on it so cash or cheque fine by me as all goes thru books. Don't we all do this ?
Quote from: Ian H2o on July 24, 2012, 11:34:04 pmI'm confused ? Still gotta pay tax on it so cash or cheque fine by me as all goes thru books. Don't we all do this ?It's about tradesmen and VAT (for those who are registered).What they mean is not putting the work through the books and not putting VAT on the bill.The customer gets a 20% discount for cash.
id love all my custys to pay into my bank account
I'm not sure about that. In the sense that if the tradesman is VAT registered, he would want to claim the VAT back on the value of the parts/supplies. It is about tax evasion and to me it seems a way of deflecting attention from the tory backers. First they attacked celebrities and now it is tradesmen.