Jeffrey Shaw Posted December 8, 2011 Share Posted December 8, 2011 If someone could trade in goods (barter) without money then they would have no income to tax. Sorry but no. Goods in kind are potentially a taxable income. Link to comment Share on other sites More sharing options...
carosio Posted December 8, 2011 Share Posted December 8, 2011 I was just hypothesizing a situation where it might be possible for a person or a group to be self-sufficient in food and energy and thrive by bartering goods and produce; no need for money or bank accounts, perhaps impractical but without any income I can't see the taxman being able to get anything out of them. Link to comment Share on other sites More sharing options...
poppet2 Posted December 8, 2011 Share Posted December 8, 2011 I was just hypothesizing a situation where it might be possible for a person or a group to be self-sufficient in food and energy and thrive by bartering goods and produce; no need for money or bank accounts, perhaps impractical but without any income I can't see the taxman being able to get anything out of them. I have heard of groups of people who use each others skills instead of any form of payment. A plumber will do work for an electrician and the electrician wiil return the favour by doing work for the plumber etc. A hairdresser wiil use her skills in return for help from a gardener. Cash is replaced by skills, so no money ever changes hands therefore no tax is demanded. Link to comment Share on other sites More sharing options...
MrSmith Posted December 8, 2011 Share Posted December 8, 2011 I have heard of groups of people who use each others skills instead of any form of payment. A plumber will do work for an electrician and the electrician wiil return the favour by doing work for the plumber etc. A hairdresser wiil use her skills in return for help from a gardener. Cash is replaced by skills, so no money ever changes hands therefore no tax is demanded. Does the electrician do an hour’s work in return for an hours work from a gardener or is one skill more valuable than another. Link to comment Share on other sites More sharing options...
Tony Posted December 8, 2011 Share Posted December 8, 2011 Sadly it's still a benefit in kind and liable to tax and VAT. Link to comment Share on other sites More sharing options...
RootsBooster Posted December 8, 2011 Share Posted December 8, 2011 No, I wouldn't. It's dishonest and immoral. How would it be dishonest? If it was legal and you didn't have to lie about it, you be honest about it. Link to comment Share on other sites More sharing options...
RootsBooster Posted December 8, 2011 Share Posted December 8, 2011 Sorry but no. Goods in kind are potentially a taxable income. I'm curious about this now, can you give any more info or a link please? Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted December 8, 2011 Share Posted December 8, 2011 The taxation laws of the UK are now so hideously long and complex that I can't really. But try the HMRC website, perhaps:http://www.hmrc.gov.uk/incometax/index.htm Link to comment Share on other sites More sharing options...
carosio Posted December 8, 2011 Share Posted December 8, 2011 Sadly it's still a benefit in kind and liable to tax and VAT. Yes but what would such a person put down on their self-assessment form (if they had one), would they be running a business (no income or outgoings) and would they be employed or self-employed? Link to comment Share on other sites More sharing options...
CXC3000 Posted December 8, 2011 Share Posted December 8, 2011 No, I wouldn't. It's dishonest and immoral. And one of the reasons that Greece is in such a financial mess. It's a moral, civic and national duty to pay one's text to help fund the services that we all hold so dear as well as to help those who are less fortunate than ourselves. Do you trust the Government with our taxes ? - to spend them in the way they should be spent (instead of on bribes to corrupt dictators around the world in the guise of 'foreign aid') ? Link to comment Share on other sites More sharing options...
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