A number of my friends are setting up small businesses on top of their day jobs.

The main reason for this is the ever growing strain on their everyday finances via everyday living and other things that we cannot control such as petrol.

Getting an evening job on the minimum wages seems pointless due to the stoppages that this would incur, and so some have started mini businesses (not saying what in).

These businesses are 'cash in hand' and go along way to helping with their ever growing bills and their ever growing tax bills. These people have never claimed benefits and so are simply trying to give themselves a little extra cash.

Another issue with the busineses is that people are fearful for their day jobs, and so by creating these small businesses are setting themselves up for the future, creating a small business, getting it off the ground ..........and then should the worst happen in their day job, they at least have something to build on.

I think its good people are trying to improve their own situations - if enough people did this, perhaps in the long run, some of these businesses would grow, taxes would eventually be paid and maybe in the future could create employment for others.

So whats the verdict? is it wrong to create 'cash in hand' businesses or should the businesses be tax paying from the outset?

Private consultants at most hospitals take Cash in hand for most services.£200 for ten mins of work. I would be willing to bet it's undeclared income.

Private consultants at most hospitals take Cash in hand for most services.£200 for ten mins of work. I would be willing to bet it's undeclared income. it shouldnt be if whoever is paying them is doing their job properly ?

No it's not legit and they are just as bad as benefit fraudsters.

Declare your income, pay your taxes and sleep easy in your bed.

Don't be a criminal, which is what these tax evaders are.

If people were not so heavily taxed, then perhaps they wouldn't resort to tax evasion.

The level of tax/stoppages is becoming a real problem for people earning below £20,000 per annum, so perhaps its good people are trying to deal with the problem, rather than quit and let society keep them

Also, these people maybe doing valuable jobs in their community such as general handy work for the elderly, gardening or other jobs that its difficult to find someone to do

Also, these people maybe doing valuable jobs in their community such as general handy work for the elderly, gardening or other jobs that its difficult to find someone to do

Well i would obviously have to declare an interest in that case as uninsured chancers who criminally fail to pay tax without the first clue what they are doing are an issue in my business.

Also, these people maybe doing valuable jobs in their community such as general handy work for the elderly, gardening or other jobs that its difficult to find someone to do what about the people who do these jobs legit and pay tax on ? the same people your talking about are doing more harm than good .

it shouldnt be if whoever is paying them is doing their job properly ?

A Dr at a private hospital in Sheff who I have worked with I have seen him get paid in cash and fail to declare several times.

A Dr at a private hospital in Sheff who I have worked with I have seen him get paid in cash and fail to declare several times. so the people paying him are not doing their job properly and also avoiding the tax man.

A Dr at a private hospital in Sheff who I have worked with I have seen him get paid in cash and fail to declare several times.



Can you blame him? 40% tax to be paid

how do you know they are not going to declair it at a later date, im currently setting up a business and am not declairing straight away because i do not have too for 18 months once i hit the ammount of cash for the limit i will declair

Can you blame him? 40% tax to be paid

Yes. He earns lot of money, he needs to pay the tax due.

Can you blame him? 40% tax to be paid i wish i was paying 40% tax and then taking out all my expences out of it :hihi:

Yes. He earns lot of money, he needs to pay the tax due.



40% is far too much.

It was only a few months ago, people were screaming when benefits/housing benefits etc... were to be capped to the equivalent of £35,000 for large familys not working

40% is far too much.

It was only a few months ago, people were screaming when benefits/housing benefits etc... were to be capped to the equivalent of £35,000 for large familys not working

I couldn't give a flying fig about what you think about the highest tax rate, even though i agree it's very high. it still must be paid. The tax rate is what it is, we all (other than criminals, who when caught pay in their way through jail time) pay the correct rate of tax.

If people were not so heavily taxed, then perhaps they wouldn't resort to tax evasion.

The level of tax/stoppages is becoming a real problem for people earning below £20,000 per annum, so perhaps its good people are trying to deal with the problem, rather than quit and let society keep them

If people were not so heavily taxed, where wouldyou get the money from to pay the people who are not heavily worked?

A Dr at a private hospital in Sheff who I have worked with I have seen him get paid in cash and fail to declare several times.

Did anybody see you pay your taxes?

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If people were not so heavily taxed, where wouldyou get the money from to pay the people who are not heavily worked?



Did anybody see you pay your taxes?

Ouch! :hihi:

Im thinking about setting up a small business myself. What is the threshold at which you have to start paying tax?

same as your normal tax allowance, but you still have to pat nat ins i think thats about £2.50 a week