misleading information on final reciepts

x_chelsea_x

hi. 4 years ago I purchased a static caravan holiday home.. I paid cash and got a correct receipt showing the correct amount I paid....to the holiday park


last year I traded it in for a brand new static caravan from the same holiday park... we agreed a trade in price for my static caravan, and a cash balance...


while looking at my receipt I noticed they had put a much greater trade in value. and the balance I paid in cash far less.


I had words with another owner I know on the holiday park who upgraded and the holiday park has done the same with there receipt....


any idea why the holiday park would put incorrect information on customer's receipts....????

bod1467

I think it enables them to reduce their tax liability. (Less cash income reported).

TadleyBaggie

I had the same when I bought a new car and part exchanged by old one. They end up paying less VAT.

andycris3107

They're fiddling the books!!

if you pay them cash they must declare it, if you give them goods (such as in a part ex deal) then they can either overstate the value of the part ex and then write off part of the value indicated by either stating that it was incorrectly valued, or that it has depreciated greater than expected.

The actual cash difference probably went straight into their pockets as undeclared income (illegal) and will not be taxed (also illegal).

maninthestreet

Report to HMRC for tax evasion:

https://www.gov.uk/report-an-unregistered-trader-or-business