Traders that ask one price for cash.....

[*Bob*]

Ahem.. I think what Jeremy means is that he decided to pay in cash - what happened with it or was meant to happen with it after that wasn't his responsibility.

Paying cash is not illegal!

[Seabag]

Take the discounted 'cash' rate and crack on

I love laundering my cash in this way

*wonders if thinking outloud*

[MrBen]

Actually HMRC have long since been wise to the cash economy around builders in particular. There is now a specific onus on the customer to ensure they take precautions to ensure they are not participating in joint fraud.

That's the boring bit....far more fun is walking out of a branch on Lordship Lane with 25k in your jeans and hoping you won't get rolled.

[Mick Mac]

Where is that stated Mr Ben? No, I can't be bothered googling.

[Robert Poste's Child]

Might it also be due to the tradesman's bank? If he's on a package that charges per transaction perhaps it's easier to get cash occasionally. At retail level you often pay less for cash or debit cards than credit cards.

[*Bob*]

True, RPC, true.

He might also perhaps be allergic to the ink used in cheque books or - for ideological reasons - feel a desire to wrest control from established financial institutions and strike a blow for the people.

[Robert Poste's Child]

Just saying.

[Mick Mac]

Well just dont.

[Robert Poste's Child]

Or what?

[Mick Mac]

Or else.

[Robert Poste's Child]

You don't mean ... you'll count to three?

[MrBen]

Especially for Mick who well knows it's called the shadow economy. I've found the original piece I was thinking of...

http://moneyweek.com/merryns-blog/how-to-get-rid-of-britains-shadow-economy-23000/

Of course as Bob says just because you pay in cash doesn't mean anyone's avoiding tax...I've seen teams of Polish builders all get paid in fifties as well as get their PAYEE slips listing correct deductions.

[MrBen]

I'd love to know if anyone else has done more than 25k in cash from a local bank though.

"Would you like an envelope for that?"

"Yes please"

"Ok. ..er well mind how you go"

[KidKruger]

I have MrBen, a few times. It actually doesn't take-up that much space, even in ?20's.

I have a new roof plus internal plastering 5 years ago. cash.

renovated a house in Wiltshire this summer. cash

renovating house in ED now. cash.

No cash left now obviously.

[MrBen]

Queuing in the local branch of my bank recently I was amazed at the number of pensioners in front of me taking out four figure sums in an envelope. Muggings outside banks even in broad daylight aren't massively uncommon and its a chunk to lose that goes beyond what most personal insurance will cover.

You're right that it's not much space. But it's too much for the jeans pocket. And I don't have KK's "presence" so I always ended up stuffing it down my Calvins and hoped for the best.

[Sue]

MrBen Wrote:

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

>

> You're right that it's not much space. But it's

> too much for the jeans pocket. And I don't have

> KK's "presence" so I always ended up stuffing it

> down my Calvins and hoped for the best.

KK's "presence"?? :))

[*Bob*]

He's got bigger pants

[red devil]

Bloomers is what you need MrB, with 'cinched' legs so the notes don't fall out if you have to run away from a felon...

http://media.coletterie.com/2010/02/bloomers-close-500x333.jpg

Look at my wad!

[*Bob*]

A Lidl carrier bag makes a deceptive receptacle - and it's opaque too.

[Mick Mac]

MrBen Wrote:

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

> Especially for Mick who well knows it's called the

> shadow economy. I've found the original piece I

> was thinking of...

>

>Actually HMRC have long since been wise to the cash economy around builders in particular. There is now a specific > onus on the customer to ensure they take precautions to ensure they are not participating in joint fraud.

MrB - I was referring to there is an onus on the customer - I have never seen that from HMRC - just checking you didn't know about something that I hadn't seen.

[????]

Are you sure MrB?

http://www.tax.org.uk/media_centre/blog/Media+and+Politics/cash+in+hand+QA

[KidKruger]

"Muggings outside banks even in broad daylight aren't massively uncommon and its a chunk to lose..."

Agreed, it can be a worry. I carry a tool JIC...

I find a hunting waistcoat with loads of pockets useful, worn under a coat - you can stash a good wedge that way and not be 'carrying' anything obvious, as you stagger out of the branch like a drunkard, your knees barely coping with the weight of all that stinking cash.

[red devil]

Sounds far too conspicuous KK, you need to blend into the background more...

http://www.head-fi.org/content/type/61/id/695773/width/500/height/1000/flags/LL

Beard optional