No more cash-in-hand?

[bawdy-nan]

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.

[red devil]

It's amazing how many people get your name wrong Nick...

[edhistory]

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]

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.

[edhistory]

It's the final paragraph only on page 80 I am referring to.

[KidKruger]

Surely drug dealers have to maintain cash in hand, they be asking for trouble otherwise.

So it's obvious not all trades can get into VAT, invoices, receipts etc.

[BJL]

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...

[snowy]

Your bank account gets flagged if you transfer smallish sums nowadays (the threshold is ?5k from memory) as a money laundering check... hence the rise of bitcoin etc.

[teddyboy23]

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]

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?

[miga]

This thread is going in a dark and unexpected direction.

[teddyboy23]

Yes fcuking mps

[Salsaboy]

If you want to stop cash in hand payments, surely you need to remove cash from the equation?

Then what? How do you pay for your cup of coffee if the system that processes payments is down?

[miga]

In kind.

[BJL]

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

[Inbound]

Use PayPal electronic cash in hand

[edhistory]

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]

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.

[edhistory]

That's a little better than the "Independent".