Large cash withdrawals from Nationwide...

Thrugelmir

Mickey666 said:

Thrugelmir said:

You are paying your builder £10k but he hasn't provided an invoice to substantiate what he's charging you for. I'd run a mile. Sounds a cowboy. 

I think you're imagining things.  The OP hasn't said there is no invoice, they said the Nationwide wanted to see the invoice.  I would assume the OP didn't take it with them - and why would they?  I wouldn't.

Isn't that the way of the world these days. Where do you draw the line? 

colsten

castle96 said:

Cos I'm a kind Dad and son who is self-employed, wanted cash instead of a cheque

Kind Dad helps son to avoid paying VAT, or to cover up something the son wants to hide from somebody. Cunning plan.

jonesMUFCforever

camelot1971 said:

jonesMUFCforever said:

Message to the OP - if you really push this then they could call the police to interview you. All banks are now members of a scheme whereby to prevent scammers, they dial 999.
You could ask your builders to accept a transfer of monies direct to their account - nothing stopping them going to their bank to withdraw it?

No they aren't and there is no such scheme! Or are you just winding up the OP?

100% I'm correct. Ask them if you don't believe me.

Thrugelmir

colsten said:

castle96 said:

Cos I'm a kind Dad and son who is self-employed, wanted cash instead of a cheque

Kind Dad helps son to avoid paying VAT, or to cover up something the son wants to hide from somebody. Cunning plan.

Labour will be Eastern European most likely. All paid in cash. 

jonesMUFCforever

Eco_Miser said:

camelot1971 said:

jonesMUFCforever said:

Message to the OP - if you really push this then they could call the police to interview you. All banks are now members of a scheme whereby to prevent scammers, they dial 999.
You could ask your builders to accept a transfer of monies direct to their account - nothing stopping them going to their bank to withdraw it?

No they aren't and there is no such scheme! Or are you just winding up the OP?

More likely they call 101 or an appropriate direct line, but banks certainly do call the police when they suspect a scam is in progress, for the protection of the scammee.

Thank you but it is a 999 call. 

castle96

just avoiding tax like anyone else would. As it was a gift from me to son, bar the 7 year IHT, why would tax come into it?

JGB1955

Thank you but it is a 999 call. 

 I DO hope you're joking - 999 is for when someone is seriously ill or injured, or their life it at risk.

jonesMUFCforever

JGB1955 said:

Thank you but it is a 999 call. 

 I DO hope you're joking - 999 is for when someone is seriously ill or injured, or their life it at risk.

No I said 999 and believe me it is a 999 call.

colsten

castle96 said:

just avoiding tax like anyone else would. As it was a gift from me to son, bar the 7 year IHT, why would tax come into it?

Doesn't sound like avoiding tax to me, but evading it. Massive difference. Tax evasion is illegal. Tax avoidance is defined in law, and so are gifts. 

If it was a gift, there would be no reason why you couldn't do it by bank transfer. But it isn't a gift, as you have said you / he wants to 'avoid' tax. You also seem to both know your transaction wouldn't be legal, as you want to use cash so there is no way to trace the money to your son.

Thrugelmir said:

colsten said:

castle96 said:

Cos I'm a kind Dad and son who is self-employed, wanted cash instead of a cheque

Kind Dad helps son to avoid paying VAT, or to cover up something the son wants to hide from somebody. Cunning plan.

Labour will be Eastern European most likely. All paid in cash. 

Please no racism or xenophobia.

castle96

Colsten - ALWAYS look/like your posts. Very informative, but please don't think you know ANYTHING about my circumstances. 3 sons, £20k each. ! is s/empl. Like ANY S/empl person, cash is king. I was too. Will YOU WILLINGLY have to disclose a sum paid into any a/c (there is NO tax payable by him on this (yet/maybe/IHT). Would I prefer cash ? Yes. Answer honestly - would you? Wouldn't ANYONE?