Landlord insists on rent paid by cheque....tax avoidance??

BitterAndTwisted

Every single cheque in this country has some of the information scanned and some hand-entered by a human being. Once scanned and entered it just become a series of naughts and ones which are fully traceable and forever as long as no-one presses "delete" accidentally. How long do you think banks keep those endorsed cheques once they've cleared? I'd hazard a guess at seven years and very possibly much longer.

I think you've been talking quite a lot of tripe in this thread and your last post was a bit more of the same, MMM

Tiddlywinks

MegaMiniMouse wrote: »

The Banks (and probably HMRC!) can hardly wait until the day dawns when cheques no longer exist...

MMM

Actually cheques are great pieces of evidence in financial audits / investigations as they each represent an individual transaction and have signatures / payees / dates etc which assist in following a logical question set.

Derivative

A cheque is essentially a written instruction to pay an amount of money from one account to another.

I would imagine that in the bank's database this looks very similar to a standing order or one off payment. I see no reason why this would be any easier or more difficult to 'trace' than the equivalent amount sent SO.

The only way I could see an issue was if the LL decided to use a cheque cashing vendor on the high street and pay their fees. Easier to just ask for cash.

00ec25

EdgEy wrote: »

The only way I could see an issue was if the LL decided to use a cheque cashing vendor on the high street and pay their fees. Easier to just ask for cash.

that is indeed one of the more obvious ways to try to hide rental payments if (and I say again if) the LL was not declaring the rent for tax purposes. However, the buinesses in that sort of game keep records of who their customers are for very obvious reasons - so back to the audit trail again

However the thrust of this thread appears to be that the OP is annoyed about something which they will not detail and is casting fallacious statements out of spite with others contributing misleading comments apparently for the sake of it

Derivative

My opinion is that the Landlord simply likes to keep in contact with his tenants - seems more friendly than most.

MegaMiniMouse

BitterAndTwisted wrote: »

I think you've been talking quite a lot of tripe in this thread and your last post was a bit more of the same, MMM

I don't think I ever said that cheques are impossible to trace!

I think I said that HMRC would mostly only go to all the trouble involved in very big cases

Small people can probably get away with it, most of the time

Has anyone on here actually gone through the process of trying to use a bank-supplied photo of a paid cheque as proof of something?

How easy was it?

MMM

JQ.

MegaMiniMouse wrote: »

Has anyone on here actually gone through the process of trying to use a bank-supplied photo of a paid cheque as proof of something?

How easy was it?

MMM

Yes, Lots of times.

Every time I pay a cheque into HSBC I get a receipt. The receipt is a scanned image of the cheque with every element of the document clearly visible.

Seriously you are living in the dark ages.

MegaMiniMouse

JQ. wrote: »

Yes, Lots of times.

Every time I pay a cheque into HSBC I get a receipt. The receipt is a scanned image of the cheque with every element of the document clearly visible.

Seriously you are living in the dark ages.

Now it's YOU that's being silly lol


Do you want me to list the flaws in your argument?

I really hate to be boring!


MMM

System

I din't think it was that rare an occurance tbh, 5 out of the 6 student houses I've lived in wanted cheques, we just wrote them all out and gave them to them at the start of the contract. It's only the flat i'm in now that wanted a s/o.

MegaMiniMouse

xXMessedUpXx wrote: »

I din't think it was that rare an occurance tbh, 5 out of the 6 student houses I've lived in wanted cheques, we just wrote them all out and gave them to them at the start of the contract. It's only the flat i'm in now that wanted a s/o.

I rhink it is unlikely that 83% of student landlords 'live in the dark ages'!

My guess is that they know how to work the system, and will continue to do so until the banks close down the system of 'payment by cheque'

MMM