Participating in the cash economy is a deliberate attempt to under-report or omit income.
Cash economy activities include businesses:
The cash economy is also referred to as the 'black', 'hidden' or 'underground' economy. The essential characteristic is that transactions go unrecorded and unreported.
The majority of taxpayers do the right thing; however some people deliberately engage in cash economy activity to evade tax obligations and to seek an unfair business advantage.
We are committed to detecting and deterring cash economy activity by taking firm action against those seeking an unfair business advantage. In doing so we are helping to ensure that there is a level playing field and that businesses doing the right thing are not disadvantaged.