So the chief will be the chef?
Or will the chef be the chief?
Sorry, I just had to, couldn't resist it.
Most restaurants keep two sets of books........ but maybe that's only a old wives tale.
I know revenue knows that, but maybe OP doesn't. For everyone revenue catches there is another getting away with it, I'm not advocating tax evasion, but some industries (cash) are well known for doing it. Also the guy who opens up for a couple of years and burns (bankrupt) just starts again etc. There was another thread on here recently about the fact that revenue chase the good guys, those who declare their income and they leave the guys that go out of business alone, paying no VAT, income tax, prsi etc in their wake.Revenue know that, and long ago have developed a model for restaurant turnover. If you inputs don't meet your outputs with acceptable loses/gains in the middle, they will screw you. eg Buy cheep booze off the back of a lorry, they will spot the missing input into the model etc etc. Or in one case I know, they made the mistake of using note pads with numbered pages . Revenue wanted to know where the missing orders/pages where. They closed with a huge tax bill.
I know revenue knows that, but maybe OP doesn't. For everyone revenue catches there is another getting away with it, I'm not advocating tax evasion, but some industries (cash) are well known for doing it. Also the guy who opens up for a couple of years and burns (bankrupt) just starts again etc. There was another thread on here recently about the fact that revenue chase the good guys, those who declare their income and they leave the guys that go out of business alone, paying no VAT, income tax, prsi etc in their wake.
As far as the Revenue are concerned in relation to evaders, there is no rope as long as time...
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