My brother in law is self employed, he works from home but most of his
clients come from abroad. 

As far as I know he makes about £50,000 per year, but he doesn't
declare any of it, and instead puts it straight into an overseas bank
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, how
do you think he would get found out?




-- 
Moon

In message , Moon 
 writes
>
>My brother in law is self employed, he works from home but most of his
>clients come from abroad.
>
>As far as I know he makes about £50,000 per year, but he doesn't
>declare any of it, and instead puts it straight into an overseas bank
>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, how
>do you think he would get found out?

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.
-- 
Gordon H
Remove "invalid" to reply

"Gordon H" <Gordon_News@g3snx.demon.co.uk.invalid> wrote in message 
news:z2xYcrDuhC9KFw+T@g3snx.demon.co.uk...
> In message , Moon 
>  writes
>>
>>My brother in law is self employed, he works from home but most of his
>>clients come from abroad.
>>
>>As far as I know he makes about £50,000 per year, but he doesn't
>>declare any of it, and instead puts it straight into an overseas bank
>>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, how
>>do you think he would get found out?
>
> 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.
> -- 
> Gordon H
> Remove "invalid" to reply

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:-)

"Moon"  wrote in message 
news:Moon.539ce5f@financebanter.co.uk...
>
> My brother in law is self employed, he works from home but most of his
> clients come from abroad.

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..

> As far as I know he makes about £50,000 per year, but he doesn't
> declare any of it, and instead puts it straight into an overseas bank
> 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, how
> do you think he would get found out?

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.

-- 
Bartc

> My brother in law is self employed, he works from home but most of his
> clients come from abroad.
>
> As far as I know he makes about £50,000 per year, but he doesn't
> declare any of it, and instead puts it straight into an overseas bank
> 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, how
> do you think he would get found out?

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 
http://www.accountancyage.com/accountancyage/news/2247757/overseas-accounts-wide-open

Sadly, the punishment for those caught does not yet include being denied 
NHS treatment and social security benefits for the remainder of their 
(probably then shorter) life. But then I see it as a crime which is 
anything but victimless.
-- 
R

Tiddy Ogg wrote:
> On Sat, 07 Nov 2009 12:08:47 +0800, Chris Blunt 
> wrote:
> 
>> On Fri, 6 Nov 2009 12:02:08 +0000, Moon
>>  wrote:
>>
>>> My brother in law is self employed, he works from home but most of his
>>> clients come from abroad. 
>>>
>>> As far as I know he makes about £50,000 per year, but he doesn't
>>> declare any of it, and instead puts it straight into an overseas bank
>>> 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, how
>>> do you think he would get found out?
>> 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
>
>"Gordon H" <Gordon_News@g3snx.demon.co.uk.invalid> wrote in message 
>news:z2xYcrDuhC9KFw+T@g3snx.demon.co.uk...
>> In message , Moon 
>> writes
>>>
>>>My brother in law is self employed, he works from home but most of his
>>>clients come from abroad.
>>>
>>>As far as I know he makes about £50,000 per year, but he doesn't
>>>declare any of it, and instead puts it straight into an overseas bank
>>>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, how
>>>do you think he would get found out?
>>
>> 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.
>> --  Gordon H
>
>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.

Correct!

>It would be foolish to boast to a revenue man about undeclared 
>income:-)
>
Indeed.
-- 
Gordon H
Remove "invalid" to reply

On Fri, 6 Nov 2009 12:02:08 +0000, Moon
 wrote:

>
>My brother in law is self employed, he works from home but most of his
>clients come from abroad. 
>
>As far as I know he makes about £50,000 per year, but he doesn't
>declare any of it, and instead puts it straight into an overseas bank
>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, how
>do you think he would get found out?

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

On Sat, 07 Nov 2009 12:08:47 +0800, Chris Blunt 
wrote:

>On Fri, 6 Nov 2009 12:02:08 +0000, Moon
> wrote:
>
>>
>>My brother in law is self employed, he works from home but most of his
>>clients come from abroad. 
>>
>>As far as I know he makes about £50,000 per year, but he doesn't
>>declare any of it, and instead puts it straight into an overseas bank
>>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, how
>>do you think he would get found out?
>
>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.

On Sat, 07 Nov 2009 13:39:18 +0000, Nick  wrote:

>Tiddy Ogg wrote:
>> On Sat, 07 Nov 2009 12:08:47 +0800, Chris Blunt 
>> wrote:
>> 
>>> On Fri, 6 Nov 2009 12:02:08 +0000, Moon
>>>  wrote:
>>>
>>>> My brother in law is self employed, he works from home but most of his
>>>> clients come from abroad. 
>>>>
>>>> As far as I know he makes about £50,000 per year, but he doesn't
>>>> declare any of it, and instead puts it straight into an overseas bank
>>>> 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, how
>>>> do you think he would get found out?
>>> 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?

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?




-- 
Moon

On Sun, 8 Nov 2009 18:47:07 +0000, Moon
 wrote:

>
>Any replies?

Several.

Chris

'Chris Blunt[_2_ Wrote: 
> ;93969']On Sun, 8 Nov 2009 18:47:07 +0000, Moon
> Moon.53cd3cf@financebanter.co.uk wrote:
> -
> 
> Any replies?-
> 
> Several.
> 
> Chris

You replied in the wrong thread? Thats pretty confusing.




-- 
Moon

On Sat, 14 Nov 2009 12:38:48 +0000, Moon
 wrote:

>
>'Chris Blunt[_2_ Wrote: 
>> ;93969']On Sun, 8 Nov 2009 18:47:07 +0000, Moon
>> Moon.53cd3cf@financebanter.co.uk wrote:
>> -
>> 
>> 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