The Federal Tax Credits Blog

Posts Tagged ‘bank’

Question: My partner and I live in Scotland and our landlord always wants cash for rent…?

We have now lived here for about 3 months. We pay £650per month andhe wont take the rent any other way. We have asked to set up a direct debit or cheque but he only takes cash. Upon moving in he got my details and had a bit of paper which said it was from some internet company to do credit checks but told us he wasnt bothered about that just wanted my name, work deatails etc.
He does give us a reciept each month (A bit of paper with his address printed at the top and signs the amount paid and the date)> But its such a hassle having to take that kind of money and walk home from the bank. Could he not be paying tax? If not can we get into trouble for this? Thanks

Answer: Yes he probably is evading taxes which he will get caught sooner or later. If he wasn’t evading taxes he would at least accept a cashiers check or money order.

Teresa Hunter: How past presents can help insure your future financial health in 2010

THE party’s over, and the cold light of January is now dawning. Hogmanay’s thick head should have cleared, only to make way for another major headache; the financial hangover, which casts an even gloomier shadow over the new year.

Smart Financial Planning – Review of the weekend’s papers – 24th August 2009