what are the consequences for a company if they have had people working for them on a %26#039;cash in hand%26#039; basis?
%26#039;cash in hand%26#039;?construction loans
The company directors are personally liable for the tax and NIC which they should have been dedcuting. Also, without timesheets they have no evidence to back up\any Nastiona Minimum Wage claims. They also may not have employer liability insurance so would be liable for any injuries to staff.
You report any suspected irregularities to HMRC.
%26#039;cash in hand%26#039;?
loan
depends if it is cash or check... I know my boss usually gets a scolding from the accountant... but we are allowed to pay a person up to $500. But it is not so much hurting the employer as the employee who should be reporting the income...|||there is no consequence as long as the person is on the books and the wage recorded it is now up to the individual to declare for tax. If however the company does not keep records then your boss can be done for tax evasion.|||If you are getting paid cash in hand, then they are not paying your tax and national insurance. be careful.|||i believe it is all miscellaneous income and miscellaneous expenses you are dealing with. you report it as other income or other expenses. No problemo except in phil gramms economics class and david stockmans labor department.|||Go here,
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%26gt; http://affiliatestag.blogspot.com
%26gt; http://paidforwritedown.blogspot.com
%26gt; http://professionallab.blogspot.com
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