2007-01-29 23:25:05 · 15 answers · asked by T B 1 in Politics & Government ➔ Law & Ethics
So far as I am aware, there is nothing in UK law preventing wages being paid in cash. However, obviously tax and national insurance must be paid on those wages. If you are employed, this is your employer's responsibility and he or she should deduct tax and national insurance at source and pay it to the Inland Revenue - the payment you receive should be whatever is left. It is not permissible for you knowingly to accept your full, gross wages from your employer without tax and NI being paid. (Though, of course, tax only becomes payable once your total income in any tax year reaches a certain level - around £4,000 I think.)
If you are self-employed, paying tax and national insurance is your own responsibility. You should account for the payments to the Inland Revenue in your tax return in the usual way.
2007-01-30 01:48:20 · answer #1 · answered by Matt 2 · 0⤊ 0⤋
If you did not report it on your taxes, then technically it never happened as far as this question is concerned. No record, no money. Now, if you did a $100,000 cash in hand job and put it all in your bank account... then had to report earnings on that money, and on top of that you didn't report it... the fed's may get a little antsy about that. Audit time! Bottom line, put it on there if you want, but technically it never happened unless you reported (or will report) it on your taxes. Unless the experience really really really helps you to get the job you're applying for, I'd leave it out.
2016-03-29 09:30:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes , but you are supposed to claim it on your tax returns or to any agency that you receive benifits from.But we all know that the reason people get paid ,and pay in cash is to avoid the TAX.
2007-01-29 23:29:04 · answer #3 · answered by MACGUYVER 2 · 1⤊ 0⤋
Of course it is.
Thats how many tradesmen work.
They then just declare how much cash they have been paid to the tax man who tells them how much tax to pay
2007-01-30 18:14:03 · answer #4 · answered by Martin14th 4 · 0⤊ 0⤋
As long as you pay the taxes on it Yes.
2007-01-29 23:58:08 · answer #5 · answered by elaeblue 7 · 0⤊ 0⤋
Of course if all work is accounted for and your taxes are paid.
2007-01-29 23:29:47 · answer #6 · answered by Ritch 3 · 0⤊ 0⤋
As long as taxes are taken out.
2007-01-29 23:28:25 · answer #7 · answered by David B 5 · 0⤊ 0⤋
As long as you pay tax and national insurance.
2007-01-30 00:42:46 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes as long as you report it.
2007-01-29 23:29:22 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Who cares. Take the money and RUN!
2007-01-29 23:34:04 · answer #10 · answered by Anonymous · 2⤊ 0⤋