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No more cash-in-hand?

Nigello

By Nigello
in The Lounge

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bawdy-nan

bawdy-nan

Posted
Posted

Dear Knick Knack etc ... I replied specifically to you because you wrote that the self-employed have been "getting away with it" and that the ?6.2 billion related to them. It doesn't. I think it's important, when it comes to besmirching, to be accurate.


I quite agree that people should pay their taxes.

edhistory

edhistory

Posted
Posted

The report is here:


https://www.gov.uk/government/publications/good-work-the-taylor-review-of-modern-working-practices


Perhaps someone could point me to the cash-in-hand section?


Is this just several naff journalists' interpretation of the final paragraph on page 80 of the report?

bawdy-nan

bawdy-nan

Posted
Posted
page 80 refers to the "Hidden Economy". The Taylor report uses the ?6.2 billon figure from the HMRC report I linked to above but then asserts that the "hidden economy" is the largely the "self-employed" whereas the HMRC report says that it is largely the employed who are the cause of the "hidden economy" shortfall.
BJL

BJL

Posted
Posted

In Nordic countries, there's a big push to get rid of cash in a move towards electronic payments for everything and for some time it's been quite normal to pay for tiny purchases by card or phone. When I was last in Finland, I was with a friend who wanted to exchange around ?1000 worth of Swedish Kronor into Euros and needed to have evidence of the source of the currency. Without it, the banks/currency exchanges wouldn't deal with him. I was told it's the same for larger purchases (a car, for example).


The banking establishment (which receive a percentage from retailers for processing the card payments) and governments (who can monitor their citizens even more closely) are all in favour, of course. I imagine that hackers/cybercriminals are also looking forward to the cashless society...

teddyboy23

teddyboy23

Posted
Posted
Best cash in hand jobs street performers drug dealers hitman beggers prositutes MPs best of all.stay at home mums who get there husbands wages to spend on shoes and handbags.if there's anything left this is wasted on food. Bills kids .holidays if you earn enough
KalamityKel

KalamityKel

Posted
Posted

teddyboy23 Wrote:

-------------------------------------------------------

> Best cash in hand jobs street performers drug

> dealers hitman beggers prositutes MPs best of

> all.stay at home mums who get there husbands wages

> to spend on shoes and handbags.if there's anything

> left this is wasted on food. Bills kids .holidays

> if you earn enough


Are you bitter about something?

BJL

BJL

Posted
Posted

It's starting to happen - from today's "Independent".



The chief executive of Visa has vowed to ?put cash out of business? and said that the company plans to pay British businesses not to accept coins and notes.


Visa ?declares war on cash? by offering UK businesses incentives to only accept card and digital payments

edhistory

edhistory

Posted
Posted

Don't rely on these "journalists".


This is a small scale pilot for selected types of VISA registered businesses in the USA only.



BJL Wrote:

-------------------------------------------------------

> It's starting to happen - from today's

> "Independent".

>

>

> The chief executive of Visa has vowed to ?put cash

> out of business? and said that the company plans

> to pay British businesses not to accept coins and

> notes.

>

> Visa ?declares war on cash? by offering UK

> businesses incentives to only accept card and

> digital payments

BJL

BJL

Posted
Posted

edhistory Wrote:

-------------------------------------------------------

> Don't rely on these "journalists".

>

> This is a small scale pilot for selected types of

> VISA registered businesses in the USA only.

>

>

From this morning's BBC article:



Visa has said it is considering offering incentives to UK businesses to go cashless, after introducing a similar scheme in the US.

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