paying cash for 2015 merc

firestarter51

so a fella was telling me two travellers came into the mercede's dealership to collect their 2015 models
and paid in cash for both
i was sure if a large amount of cash was brought in the guards would be called due to money laundering
so is he talking crap ?

closest i will get to one is driving passed the forecourt lol

mickjohnlong

It was posted on another thread that once it's over a certain about the revenue have to be informed by the dealer

firestarter51

mickjohnlong wrote: »

It was posted on another thread that once it's over a certain about the revenue have to be informed by the dealer

obviously a mercede's would reach the limit

hfallada

Revenue are unreal at monitoring sales of good to identify tax evasion. They have software to monitor all debit and credit cards used in Ireland. They do this to find offshore accounts and to make sure people spending doesnt exceed their declared income. Revenue are notified by banks when there is large sums of money in current accounts(in the US its only $10k per person per bank), AFAIK Revenue look at what cars were sold though VRT and who they were sold to.The same is done to the purchases of property

Revenue being so strict on the sources of money for spending, is why Irish drug families live in Spain. There is no one checking the purchases of cars, houses etc in Spain. But revenue does it here

mickjohnlong

firestarter51 wrote: »

obviously a mercede's would reach the limit

I am sure it would I have linked the other thread that it was posted on. I think the limit is €10k. That's what I took from the other thread anyway. http://touch.boards.ie/thread/2057353625/2/#post93667036

firestarter51

amazing how travellers get away with it
then again revenue probably cant find them lol

Del2005

hfallada wrote: »

Revenue are unreal at monitoring sales of good to identify tax evasion. They have software to monitor all debit and credit cards used in Ireland. They do this to find offshore accounts and to make sure people spending doesnt exceed their declared income. Revenue are notified by banks when there is large sums of money in current accounts(in the US its only $10k per person per bank), AFAIK Revenue look at what cars were sold though VRT and who they were sold to.

IIRC any transaction of over €10k has to be reported to revenue. Also any suspicious activities have to be reported, heard of a guy in a bank who remembered putting through a few transactions below the compulsory reporting amount to the same account turned out to be a laundry operation he busted.

Wonder if the Gardai contacted the Revenue or CAB to verify that the people buying the car where tax compliant?

Cleveland Hot Pocket

Del2005 wrote: »

IIRC any transaction of over €10k has to be reported to revenue. Also any suspicious activities have to be reported, heard of a guy in a bank who remembered putting through a few transactions below the compulsory reporting amount to the same account turned out to be a laundry operation he busted.

Wonder if the Gardai contacted the Revenue or CAB to verify that the people buying the car where tax compliant?

Usually our nomadic friends are not on the radar of these organizations

PatL23

Seen a 2014 Audi Q7 driving around on english plates. A few weeks later it was on irish plates. Lone and behold it was driven by travellers. Surely they had to pay a huge whack for VRT on it so it had to go through revenue. So how come their vehicles arnt seized? I know them to see in the area. They havnt "worked" a day in their lives. Also seen travellers countless times with Brand new cars each year and certainly wouldnt call them cheap vehicles either. Its sickening to see them get away with it.

One of their ways could be to launder through Casinos, Mixing chips with legit gamblers.

Laws in the UK must be a lot more lax. When you see the rathkeel rovers with porsches,range rovers, expensive cars and all paid for with dirty money on UK plates.

NIMAN

Its in their culture, its their right to pay cash for everything.

colm_mcm

gonna lock this. They're buying a car, but that's as Motors-related as it gets