NewsBiscuit : UK to end "cash-in-hand" economy by running out of cash. More soon.

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UK to end "cash-in-hand" economy by running out of cash. More soon.

(9 posts) (8 voices)

Started 2 years ago by Al OPecia
Latest reply from blacklesbianandproudofit

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Al OPecia

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...

Posted 2 years ago #
Titus

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Perhaps more benign than a Daesh caliphate where the populace are more likely to run out of hands.

Posted 2 years ago #
Gerontius

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Surely 'less soon' Al?
I think sorting out the cash problems in the Cayman Isles would contribute more to the exchequer than targeting window cleaners or the guy who fixed your gate post.
Besides, don't most rich folk use 'cash in hand' labour to do their dirty work

Posted 2 years ago #
DavidH

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5 stars

Posted 2 years ago #
Titus

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5 stars

Surely, just four for cash?

Posted 2 years ago #
Sinnick

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Gero, I think they're targetting both

A few years ago, I spoke to a builder friend about this. He didn't know anyone in the trade who bothered much with VAT, and he knew hundreds of people. All financial records were made up, I guess. It's a huge problem, but of course if everyone paid VAT then prices would go up (a) because of the 20% VAT (b) to pay for proper accounting practices

Posted 2 years ago #
bonjonelson

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I think improper accounting practices usually cost more than proper ones. At least that's what a friend told me who had to look for that kind of service. Ahem.

Posted 2 years ago #
freeryda

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Labour promise to print unlimited amounts of cash after 2022, so no worries, the black economy will be booming again then.

Posted 2 years ago #
blacklesbianandproudofit

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Is this really still in the top 10? Its so shit

Posted 2 years ago #

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