That’s why there’s so much cash trade then

Richard Murphy says:
October 21 2017 at 8:57 am
I have no idea what you’re suggesting

But people do notice NIC and rarely notice VAT

Note that this is from the same bloke who insists that non payment of VAT at e-Bay and Amazon is a scandal crying out to the very skies for resolution.

8 thoughts on “That’s why there’s so much cash trade then”

  1. Bloke in North Dorset

    The only time people don’t notice VAT is when it’s hidden in the price of goods. If, say, the price of petrol was displayed by its constituent parts there’d be near riots.

  2. In recent years I’ve noticed many if not most tradesmen are reluctant to accept cash. I assume it’s because they’ve been burned by the taxman at one time or another and need to demonstrate a credible trading pattern?

  3. Bernie G – its not the cash, its the cost of the cash. Bank cash in a business account and get charged.
    Credible trading pattern, believe it or not, used to be 100% cash. Then was a mix of cheques and cash, nowadays its likely mostly card payments with some cheques.
    Can still bank cash – but have to go to the bank and have to pay a fee on the cash to do it.
    Inconvenience.

  4. @Bernie G. October 21, 2017 at 10:43 am

    In recent years I’ve noticed many if not most tradesmen are reluctant to accept cash. I assume it’s because they’ve been burned by the taxman at one time or another

    It often depends on the job & what parts are required. If it’s labour only cash often accepted.

  5. Bloke in Costa Rica

    The hardware shop/ironmongers in my home town does a mix of trade and retail sales. They have labels on the shelves sans and with VAT. You fucking well notice it then, I can tell you.

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