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Builder said he priced the job for cash.

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    #32
    Victor
    Registered Users Posts: 78,437 ✭✭✭✭Victor


    Oh, if you 'pay cash', realise that down the line, if there is a Capital Gains Tax issue, you may end up with a bill for what is, in effect, the builder's tax.
    daveville30 wrote: »
    its your money they can't question you about ur money.
    They can and do. Turning blind eyes is a thing of the past.


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    #33
    salmocab
    Registered Users Posts: 11,364 ✭✭✭✭salmocab


    If you want to avoid hassle with him and can do it pay him cash if your ever questioned by any authorities tell the truth about how much you paid and to who. The tax is his problem just make sure the job is finished fully snagged and if you have arrangements over retention that they are clear. Also get a receipt.


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    #34
    aaakev
    Registered Users Posts: 3,088 ✭✭✭aaakev


    elastico wrote: »
    Have you a source for that, never heard of it before?

    A big anti money laundering document we got from revenue in 2013. I work in a business where cash payments are common and the rules are payments over 15k must be reported and the source of the payments must be reported.


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    #35
    iamtony
    Registered Users Posts: 3,801 ✭✭✭iamtony


    ted1 wrote: »
    Out of interest did he also say that he has insurance ?
    Yes he has and I was wondering if I'm covered if it doesn't go through his books?


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    #36
    dr.fuzzenstein
    Banned (with Prison Access) Posts: 16,620 ✭✭✭✭dr.fuzzenstein


    runawaybishop wrote: »
    It's kinda up to every citizen to not facilitate fraud.

    And yet we vote them in anyway. :p


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    #37
    desertcircus
    Registered Users Posts: 2,648 ✭✭✭desertcircus


    The answer to "how much can I take out in cash without it being noticed?" is not simple. Broadly speaking, probably a lot less than you think. The person on the other side of the counter has a legal responsibility to report transactions they suspect may be dodgy (see here: http://www.citizensinformation.ie/en/money_and_tax/personal_finance/financial_institutions/money_laundering_in_ireland.html).


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    #38
    DOCARCH
    Moderators, Home & Garden Moderators, Science, Health & Environment Moderators Posts: 17,991 Mod ✭✭✭✭DOCARCH


    thecommander wrote: »
    Paying or receiving cash is not illegal.

    It is when it's (purposely) in connection with tax/VAT evasion.


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    #39
    Dardania
    Registered Users Posts: 3,612 ✭✭✭Dardania


    ted1 wrote: »
    Paying with cash is not illegal.

    Don't forget about claiming your tax credits .
    http://www.revenue.ie/en/tax/it/reliefs/hri/


    Came here to say this...


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    #40
    Victor
    Registered Users Posts: 78,437 ✭✭✭✭Victor


    iamtony wrote: »
    Yes he has and I was wondering if I'm covered if it doesn't go through his books?
    Insurance-wise, there would be lots of denial.


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    #41
    Gumbo
    Moderators, Society & Culture Moderators Posts: 39,453 Mod ✭✭✭✭Gumbo


    ted1 wrote: »
    Paying with cash is not illegal.

    Don't forget about claiming your tax credits .
    http://www.revenue.ie/en/tax/it/reliefs/hri/
    Dardania wrote: »
    Came here to say this...

    I don't think you can claim the HRI relief without the work been done by a registered contractor and been provided with a VAT invoice for the works done?


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    #42
    the_syco
    Registered Users Posts: 37,302 ✭✭✭✭the_syco


    iamtony wrote: »
    Yes he has and I was wondering if I'm covered if it doesn't go through his books?
    If it didn't go through his books, what evidence do you have that he did it, should something go wrong, and if you did have to bring him to court to rectify something, I wonder how the judge will view you helping the builder to avoid tax?


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    #43
    aaakev
    Registered Users Posts: 3,088 ✭✭✭aaakev


    kceire wrote: »
    I don't think you can claim the HRI relief without the work been done by a registered contractor and been provided with a VAT invoice for the works done?

    I wouldn't imagine so, you have to keep documents relating to a tax claim for 6 years iirc


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    #44
    RobAMerc
    Registered Users Posts: 5,863 ✭✭✭RobAMerc


    the_syco wrote: »
    I wonder how the judge will view you helping the builder to avoid tax?

    the judge couldnt give a flying f*** - it has nothing to do with him or the case and he is NOT supposed to let outside matters such as this influence his decision.
    seriously, stop scare mongering here.

    by the way I was chastised here th other day for saying I presumed the price I was quoted was for cash. :rolleyes::rolleyes:


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    #45
    iamtony
    Registered Users Posts: 3,801 ✭✭✭iamtony


    I'm going to tell him tomorrow that I will try to get your cash but I want a vat receipt for the work. I won't be claiming vat back or anything against it so it will stay in my drawer for safekeeping incase there is any comeback.
    I'll tell him he can do whatever he likes with his copy of the invoice and the cash as that's none of my business.
    I didn't agree to any cash job or anything like that so it's his problem.


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    #46
    BryanF
    Moderators, Home & Garden Moderators Posts: 10,140 Mod ✭✭✭✭BryanF


    Thread closed - please PM if you want it moved to the revenue.ie forum


This discussion has been closed.
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