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01-02-2014 #23
What I find the most saddening is that all, Alex and my self where trying to point out was becareful because you are subject to tax laws. Which to me was good helpful advise but for our trouble we get shit like this thrown at us.
Fact your under the threshold makes no differance if you get reported and haven't declared your earnings they can still prosecute you if they feel the need.
In my day job business's which is nothing to do with CNC I pay insurance just incase the Tax man ever investigates me.? Why because the expense of an investigation can easily run into £1000's of pounds and take years to resolve.!! . . . . Trust me on this because I've been on the receiving end of being raped by the Tax man and when they feel you've been less than truthful they turn you inside out go back to before time began and treat you like your Ronnie Biggs whether you are or not.!!
So crack on "Men in shed's" but keep some lube handy because If HMRC comes knocking he'll bend you over dry with very little warning.!!
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