As if tax receipts were not bad enough. I think there will be a huge increase in cash only, no VAT etc, transactions. I know it was always there, but surely it will increase big time?
Do you support this way of business?
I personally am not happy about this, primarily because I cannot channel any of my income into a tax free element like providers in the black.
Mind you, I would say that recipients might be happy to get a job done cheaper.
It all detracts from the pain we have to undergo.
So.... to curtail it, why not make the recipients (if caught) also be responsible for procuring such services..
or... give say up to €1000 tax credit for jobs done by those who are legit.
Of course the credit will only affect those still paying tax!
Still, I do not like the black. Everyone should contribute now.