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by RockyMcNuts 5223 days ago
Flip side is it's harder for the owner to skim and not pay taxes. Quite a few places are cash only, paper receipts, no electronic trail for that reason.
2 comments
sliverstorm 5223 days ago
Eh, if your revenues are up 30%, you're probably coming out ahead even if you used to evade tax on 100% of your revenue.
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swombat 5223 days ago
Not necessarily... UK VAT is 20%, and so is Corporation Tax.

Between the two, you need a lot of extra income to make up for the tax!

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rhizome 5223 days ago
Those owners are unlikely to buy computer POS type systems in the first place.
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