If someone transferred a sum of money into my offshore bank account can the taxman trace it? Just getting my bookwork up to date for the last 5 years and it appears my employer owes me £46k. If he can trace it I might just write it off. A bit like what that bird Largarde in the IMF will be doing with the greeks shortly. LoL
Donald Trump you ain't 46K is peanuts in real terms, so the answer is YES they will come after you because your not rich enough to forget about.
the answer is yes they can you need to ask will they ?? the answer to that is maybe the risk is up to you you or the person paying you would need to be under investigation or random audit for them to check they may off course get notification from the bank through money laundering regulation i dont know
I don't take my money to the laundry. I do take the odd £10k check though to the bank and the nosey tellers ask where it comes from. The IR did an investigation on my accounts once and they went back 5 years I think it was. All for a few hundred quid because I missed a month whilst changing employers. It would have taken the few hundred quid they shafted me for and more just to pay their administration costs. And then they wonder why this country has a £1.7 trillion debt mountain. I might never forget about it but that doesn't mean I'll ever get paid. I might gift it too someone so it never taints my good name. That was on the shawshank redemption on the roof scene where Dufresne saved Captain Hadley from being shafted by the IRS by advising him that he could gift a large sum too his wife. There must be loopholes like that here. Paulblackpool should know though he won't say.
There must be a lot of them that stupid because a lot of them get married. If you want children then I guess marriage ain't a bad idea.
My Dad married an ole krone a few years ago in his seventies. She's wealthy and treats him like cruella de ville treats her butler. Like schitt basically. And all because he's penniless now. Her Will leaves nothing to my Dad even though he has been a dedicated husband to her for the last 10 years. (old school morals) In fact he'll be effectively homeless if she passes before him. The previous ole bird he was involved with shafted him for nearly £60k. Marriage? pffft
I looked and looked for a ninty year old millionaire widow to marry but none were available, so i settled for nypho with an off licence and it works out fine,
If she passes over before him, rest assured your old man is entitled to his share of the estate. Wills can be contested in court (and have been successfully) So don't worry any millions your dad gets will eventually come to you (unless he's also written a will saying "to my halfwit son , who spends far too much time on that internet, I leave nowt." )
Thanks for the vote of confidence in me Ryluer and I don't mean that unkindly unfortunately in this case it is misplaced as overseas taxation was not one of my specialisms. Remember if the Revenue or any other Government get even a whiff of anything dodgy they can get copies of your bank statements either from you or the bank. Whilst I don't condone dodging paying your fair dues if you really want a proper answer to your question it might be worth paying (more) than a few bob to find out. If you are self employed and already have a professional accountant it would be quite legitimate to ask him and if he did not know he should be able to find out from someone who knew. As the Government gets more and more indebted it is increasingly intentionally (on the face of it) blurring the previous distinction between tax avoidance and tax evasion. I have nearly always been on PAYE as an employee so I have had to pay my fair whack. MY general advice has always been don't fiddle tax as if they find out they will virtually confiscate the earnings in question with interest and penalties. Whereas Vodaphone gets away with not paying £4.5 M tax if I remember correctly.
I spoke with my employer and he has agreed to sell off unwanted plant and machinery which will be for cash. And then drip feed the cash my way. That way any tax payments will be avoided.
I'm not interested in her money or estate. She has sons and daughters who will be fighting over that from two pervious marriages. I'm only interested in my Dads welfare. Despite being married to a millionaire my Dad finds himself unable to afford winter fuel every year. So he goes out into the stunning national park beside his home which is owned and run by the council and drills a hole in a large tree and injects poison deep into the core. After a year or two the tree dies so my Dad rings up the council and informs them of the dangerous tree ready to fall. And offers to help with the clearing up of the timber. So the council send out guys and chop the tree down and my Dad gets the wood free of charge and delivered unto his doorstep.
Just reading through my previous post I've just realised you couldn't make this stuff up. Incredible.