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Paypal and Revenue

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Comments

  • #32
    vargoo
    Registered Users, Registered Users 2 Posts: 737 ✭✭✭vargoo


    We are so quick to screw each other over, it's priceless.


  • #33
    Sureal
    Closed Accounts Posts: 39 ✭Sureal


    vargoo wrote: »
    We are so quick to screw each other over, it's priceless.

    I'm leaning against it now. I thought it'd be just pay the tax you owe and stop doing what you're doing.


  • #34
    Gonad
    Registered Users, Registered Users 2 Posts: 653 ✭✭✭Gonad


    Sureal wrote: »
    Are they not worried about getting found out? I can't believe paypal and the like don't report these earnings!

    I’m sure they are worried but that’s their business tbh. The way I see it they are not selling drugs or harming anyone . They are making a few quid on the side and let them at it .


  • #35
    [Deleted User]
    Posts: 9,954 ✭✭✭ [Deleted User]


    Sureal wrote: »
    What are we talking here? They'll have to pay back the tax they owe and how much of a fine on top?

    As a very general rule X3. So 1K in back tax and another 2k in penalties and interest = 3k.


  • #36
    ahnowbrowncow
    Registered Users, Registered Users 2 Posts: 2,591 ✭✭✭ahnowbrowncow


    Tow wrote: »
    As a very general rule X3. So 1K in back tax and another 2k in penalties and interest = 3k.

    You're miles off with that.

    Just a quick look at the 2018's list of defaulters shows that penalties and interest were the following percentage of tax owed.

    Q3 78.8%
    Q2 65.6%
    Q1 74.7%

    Plus these are from the publicised list of defaulters so the penalties and interest are more going to be higher than the non publicised ones as the penalty has to be over a certain percentage for it to be published.


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  • #37
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,939 ✭✭✭✭Calahonda52


    vargoo wrote: »
    We are so quick to screw each other over, it's priceless.

    Its theft, same as SWO theft

    “I can’t pay my staff or mortgage with instagram likes”.



  • #38
    [Deleted User]
    Posts: 3,686 ✭✭✭ [Deleted User]


    Calahonda52 wrote: »
    Its theft, same as SWO theft

    Strictly speaking its not "theft"..... its just "not paying". (the difference between taking and giving)
    The person is not stealing or taking anything as would happen with Social Welfare fraud & claiming a benefit you are not entitled to.

    So its not stealing/theft. I'm not condoning this behaviour, just pointing out the difference between stealing money that is not yours and withholding money you earned (illegally or not).


  • #39
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,939 ✭✭✭✭Calahonda52


    Deleted User wrote: »
    Strictly speaking its not "theft"..... its just "not paying". (the difference between taking and giving)
    The person is not stealing or taking anything as would happen with Social Welfare fraud & claiming a benefit you are not entitled to.

    So its not stealing/theft. I'm not condoning this behaviour, just pointing out the difference between stealing money that is not yours and withholding money you earned (illegally or not).

    https://en.wikipedia.org/wiki/Theft

    By withholding taxes and then availing of services for which you have not paid your share for is theft.

    “I can’t pay my staff or mortgage with instagram likes”.



  • #40
    [Deleted User]
    Posts: 5,250 ✭✭✭ [Deleted User]


    vargoo wrote: »
    We are so quick to screw each other over, it's priceless.
    The person they are doing over is the rest of us who pick up the slack.

    There is no indication that this is small money on the side. It could be IT contracting or it could be selling junk from the attic.

    A quick search doesn't tell me if this information is shared automatically here. It is in the US after a certain point.


  • #41
    vargoo
    Registered Users, Registered Users 2 Posts: 737 ✭✭✭vargoo


    Deleted User wrote: »

    A quick search doesn't tell me if this information is shared automatically here. It is in the US after a certain point.

    Same here, paypal report it. Don't know at what amount but 100% they do.


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  • #42
    scheister
    Registered Users, Registered Users 2 Posts: 1,312 ✭✭✭scheister


    I would imagine it will keep out at some point depending on the size of the income.

    Revenue at times will look across taxes to see if items make sense. So if they buy a car worth 50k and both are only on SW. Revenue can come and ask where the money came from.


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