Tuesday, July 24, 2012

Cash Payments "immoral"

So says an MP who can't understand why anyone would want to pay 'cash in hand'; without a receipt how can anyone claim the money back of the taxpayer as necessary expenses?

Of course a Treasury spokesperson had to jump in quickly and state that the Minister wasn't stating that people shouldn't pay cash per se; but should not do so in a way that didn't allow the government to take its fair share.

It is estimated that £2bn a year is lost in this way. Gosh you mean a whole quarter of that which HMRC allegedly wrote off for Vodafone or only double that which the 50p income tax rate would have brought in.

Target the millions who avoid a few hundred quid rather than the few hundred who avoid millions.