i rent a shop from a family member. my business has kicked off to a flying start since i opened on 1st august 07. but now the landlord has found out i have declared the money i have paid him for rent,he has gone mad saying he will throw me out.he does'nt want the tax man knowing. i want to keep my business all above board but i am at risk of losing it all! no shop no business
2007-09-27 03:56:34 · 8 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Find yourself another premises to rent.
If this fellow wants to dodge the tax system, then let him go ahead. He'll sink his little ship eventually, don't let him take you down with him.
Full marks to you for getting your own business off the ground. Tempting though it might be to take the tax man for a ride, it's far too risky at this stage of your business career.
Play it by the books and you won't have to keep looking over your shoulder like this family member.
2007-09-27 04:09:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Don't you have a contract to occupy the premises?
You can't possibly have produced any accounts showing the rent you have paid him since 1 August as you have only been trading for a month! In order to find out that he is your landlord, HMRC would have to formally open an investigation into your accounts in order to ask who your landlord is - and this is really really unlikely!So this sounds like an excuse on your landlords part to me.
2007-09-27 12:15:45 · answer #2 · answered by fengirl2 7 · 1⤊ 0⤋
I think you need to find a new location, NOT the property of a family member.
You've got to do what's legal, or you'll lose more than your business.
Plus, you deserve to declare the money you're paying him for rent. That's just how businesses are. To not declare it will be unfair to you, because it basically means it would be put down as profit, and it's not.
2007-09-27 11:22:28 · answer #3 · answered by CrazyChick 7 · 0⤊ 0⤋
I agree you should find another location.
But I suggest you go a step further, no one should be allowed to dodge the tax system. You should report this family member. Be discreet, but report them. It is this kind of activity that causes the rest of us taxpayers who pay the right amount of taxes an undue burden, supporting others who don't pay their share.
2007-09-27 11:15:05 · answer #4 · answered by Pixie 7 · 0⤊ 0⤋
Pay him in cash...do whatever he wants but look for another place to work from as well and then grass him up to the tax man!
2007-09-27 11:05:39 · answer #5 · answered by Leanne 2 · 0⤊ 0⤋
Do not do anything illegal. If you business is that good, set up shop somewhere else.
2007-09-27 11:06:35 · answer #6 · answered by regerugged 7 · 0⤊ 0⤋
pay landlord cash, or look for another shop id say.
2007-09-27 11:00:42 · answer #7 · answered by connie sue 5 · 0⤊ 0⤋
Can you run it on line instead.....
2007-09-27 11:00:37 · answer #8 · answered by JustJem 6 · 0⤊ 0⤋