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Flip side is it's harder for the owner to skim and not pay taxes. Quite a few places are cash only, paper receipts, no electronic trail for that reason.
by RockyMcNuts 15y ago
Flip side is it's harder for the owner to skim and not pay taxes. Quite a few places are cash only, paper receipts, no electronic trail for that reason.
- rhizome 15y agoThose owners are unlikely to buy computer POS type systems in the first place.
- sliverstorm 15y agoEh, if your revenues are up 30%, you're probably coming out ahead even if you used to evade tax on 100% of your revenue.
- swombat 15y agoNot necessarily... UK VAT is 20%, and so is Corporation Tax. Between the two, you need a lot of extra income to make up for the tax!