Quote:
Originally Posted by pip08456
IIRC anything over £1.000 has to be reported. Easiest way, keep it under that amount and spread it around.
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That's correct and it hasn't been updated since it was introduced years ago.
Whenever I tried to report suspicious transactions years ago in a previous role the police were totally uninterested, so I stopped bothering.
---------- Post added at 18:05 ---------- Previous post was at 18:02 ----------
Quote:
Originally Posted by Taf
A neighbour's son was contacted by HMRC after paying in around £50 cash per week over several months. It was pocket money from his grandparents. But guess what, there are limits to how much you can "gift" to your grandkids! Something to do with Inheritance Tax I think.
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Typical. They go after potential petty tax evasion whilst allowing rich people and companies to effectively decide whether to pay tax or not and if so, by how much.