paxum, daily pay and cosmopay and uk tax authorities

[Helga99]

Regarding the payment methods, are they reported to the British tax authoriites by Adultwork?

Does the UK taxman have the authority to make Paxum, cosmopay and Dailypay show them which UK citizens are being paid what? Is Payoneer an option? I read on another forum, payoneer and Firstchoice are the same and they are no longer working. But the option is still there as a payment. Can we swtich to them?

Is it the same with bank transfers?

[admin]

Hi, Payoneer and First Choice Pay are gone now.

Who knows what authority HMRC have ultimately.

In the years doing this though Im yet to hear of HMRC requesting anything. Certainly not Dailypay anyway.

For bank transfers, banks are compelled to notify HMRC about the smallest of things.

In total the current payment methods are:

Bank transfer (all countries)
Epayments
CosmoPay
Alephpay
Paxum
Monese
Revolut
To a bank card (Eur, USD, Rub)
Bitcoin (and a string of other cryptocurrencies)
Yandex

[Helga99]

Hi, Payoneer and First Choice Pay are gone now.

Who knows what authority HMRC have ultimately.

In the years doing this though Im yet to hear of HMRC requesting anything. Certainly not Dailypay anyway.

For bank transfers, banks are compelled to notify HMRC about the smallest of things.

In total the current payment methods are:

Bank transfer (all countries)
Epayments
CosmoPay
Alephpay
Paxum
Monese
Revolut
To a bank card (Eur, USD, Rub)
Bitcoin (and a string of other cryptocurrencies)
Yandex

I don't see the option for cryptocurrencies when I transfer credits. Are all the above payment methods available to phone chat only profiles ?

[admin]

Hi, sorry those are the dailypay options I listed. http://www.dailypayservice.com/main/inde...&ff_page=1 eg Adultworks Finest Performers.

[3CA]

Regarding the payment methods, are they reported to the British tax authoriites by Adultwork?

Does the UK taxman have the authority to make Paxum, cosmopay and Dailypay show them which UK citizens are being paid what? Is Payoneer an option? I read on another forum, payoneer and Firstchoice are the same and they are no longer working. But the option is still there as a payment. Can we swtich to them?

Is it the same with bank transfers?

HM Revenue & Customs has spent years and £100m or more on a super-computer designed to identify those who may have paid too little tax. 

Instead of relying solely on information provided by taxpayers via their returns, HMRC’s powerful “Connect” system now draws on information from myriad government and corporate sources to create a profile of each taxpayer’s total income. Where this varies from the information provided by the taxpayer, the account is flagged and could be subject to further investigation.

More than 30 years ago one of my clients was involved at the edges of the Lestor Piggott inquiry by HMRC. I will never forgot how much information HMRC had managed to obtain from banks and businesses without my client being aware of what was happening.





[url=http://news.bbc.co.uk/onthisday/hi/dates/stories/october/23/newsid_3755000/3755282.stm][/url]

[EmmaEH]

I think I know what you are getting at Helga but you need to pay your taxes, if not then you will experience what 3CA's client did sooner or later.

[3CA]

I think I know what you are getting at Helga but you need to pay your taxes, if not then you will experience what 3CA's client did sooner or later.

HMRC may seem to "miss" most tax evasion but I'm not certain that's the case. I think they are aware of a huge number of cases but lack the resources  (staff and money) to investigate them all.

With the increased digitalisation of HMRC more staff are being released to work on investigation work and the government has pledged to make funds available.

HMRC has become more and more focused on imposing penalties as well as collecting the tax itself. Investigations invariably produce large penalties.

The future is, without a doubt, investigations.

[Helga99]

I think I know what you are getting at Helga but you need to pay your taxes, if not then you will experience what 3CA's client did sooner or later.

Thanks yes, I intend to when I'm properly set up. Up till now, I have only earned a few hundred pounds by chatting now and then.

[Helga99]

Regarding the payment methods, are they reported to the British tax authoriites by Adultwork?

Does the UK taxman have the authority to make Paxum, cosmopay and Dailypay show them which UK citizens are being paid what? Is Payoneer an option? I read on another forum, payoneer and Firstchoice are the same and they are no longer working. But the option is still there as a payment. Can we swtich to them?

Is it the same with bank transfers?

HM Revenue & Customs has spent years and £100m or more on a super-computer designed to identify those who may have paid too little tax. 

Instead of relying solely on information provided by taxpayers via their returns, HMRC’s powerful “Connect” system now draws on information from myriad government and corporate sources to create a profile of each taxpayer’s total income. Where this varies from the information provided by the taxpayer, the account is flagged and could be subject to further investigation.

More than 30 years ago one of my clients was involved at the edges of the Lestor Piggott inquiry by HMRC. I will never forgot how much information HMRC had managed to obtain from banks and businesses without my client being aware of what was happening.





[url=http://news.bbc.co.uk/onthisday/hi/dates/stories/october/23/newsid_3755000/3755282.stm][/url]

Thanks for this.
Well I am not in Lester Piggots' league, but as I suspected the IR have the powers to snoop where others are forbidden to.

[3CA]

Thanks for this.
Well I am not in Lester Piggots' league, but as I suspected the IR have the powers to snoop where others are forbidden to.

Neither was my client! A very small fish in the investigation but HMRC still pursued him.