My brother in law is self employed, he works from home but most of hi
clients come from abroad.
As far as I know he makes about 50,000 per year, but he doesn' declare any of it, and instead puts it straight into an overseas ban account. I think he pays for things with an 'anonymous credit card' how does that work?
Im worried about him, is it possible he will be caught, and if so, ho do you think he would get found out
In message , Moon writes
A lady friend of mine who works at the IIRC says that they do make random checks. I asked her what if I told her about somebody, and she said that she was not supposed to act on information on her own initiative.
Although they may not act on their own initiative they are duty bound to inform "the system"/superiors of any naughtiness that they may encounter in their everyday life. It would be foolish to boast to a revenue man about undeclared income:-)
Sounds just like me about a dozen years ago. But I was silly enough to pay my money into UK accounts and to declare all my income, and all I got for my honesty was peace of mind and not having to face jail..
How much income is he declaring? At maximum he'd be saving about £10K income tax, assuming expenses accounted for. It doesn't sound an awful lot for the risks, and I'm sure the inland revenue have means of spotting unusual patterns of income and expenditure.
Depends in part on where he has his overseas account and with what institution. But the winds of change are blowing through many such accounts. See eg
One way he might get found out could be triggered by his relatives openly discussing what he's getting up to in public forums.
Chris
I was thinking the same.
Yes I sure now the revenue have seen this post that they will be checking up on Sun or Mars soon. Or did Moon not give the name of his brother in law?
In message , rupert writes
Correct!
Indeed.
I'm sure their investigations people are smarter than that.
Of course the name was fictitious, but Moon's posting revealed an IP address, which resolves as being allocated to Virgin Media somewhere in the Worthing area. With the necessary authorisation, an enquiry could be made to that ISP to determine which of their customers was allocated that IP address at the time of his posting, and bingo, they're already getting a bit too close for comfort.
I know there are circumstances which might limit the value of the information obtained from this, but it just goes to show how careful you need to be when discussing these kind of things in public.
Chris
Any replies
Several.
Chris
You replied in the wrong thread? Thats pretty confusing.
No. I, and everyone else replied to you in the thread that you originally asked the question in, i.e. "Tax evasion question".
You are the one who has now switched to this different thread "Cash transfers?". I'm not sure what you intend to achieve by doing this, but if anyone is confusing things it's you.
Chris
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