Richlist Posted April 4, 2014 Report Share Posted April 4, 2014 Interesting HMRC perspective: http://www.hmrc.gov.uk/vat/sectors/consumers/cash-payments.htm Link to comment Share on other sites More sharing options...
Melboy Posted April 4, 2014 Report Share Posted April 4, 2014 In my many years of business experience it is more likely the customers who ask for a "cash job price" and who can blame them when £20 of their taxed income in every £100 goes straight to the treasury. We do not do this I have to add because you never know whether the customer is setting you up for reporting to HMRC and to be fair we do lose the odd job or two to other's who are not VAT registered and there are plenty of those around I can tell you. HMRC should tackle the traveller's and other's who tour the Country carrying out often badly carried out work for cash only. Link to comment Share on other sites More sharing options...
Grampa Posted April 4, 2014 Report Share Posted April 4, 2014 We have 2 arms to our buisness one vat registered and one thats not and I have the flexiblity if I choose to put jobs through either as there are both property based. Link to comment Share on other sites More sharing options...
Richlist Posted April 4, 2014 Author Report Share Posted April 4, 2014 When I built my own house 20 years ago we could claim all the VAT paid for materials & labour back from the taxman as a lump sum on completion of the build....it came in very handy. I don't know if you can still do that. Link to comment Share on other sites More sharing options...
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