And am I too cynical in my view of the fact that to demand such automatically implies tax evasion?
Gtec
Off the top of my head pubs are a classic example of something that only take cash.
I don't know many pubs that don't take laser or credit cards.
On a (loosely) related note, can a business legally refuse large denomination notes - 200 and 500?
As to the pub I agree, but they are largely dealing in "small" transactions not 100's per transaction, and the purchase side of the pub business is much more regulated i.e. they purchase their supplies from large companies using invoices and bank transfers etc, so it is much harder to "hide" the cash side.
Thanks
Gtec
Relating to construction I have a client a sub-contractor in construction. He is regularly asked if he takes cash for work. He says yes and he does. He then lodges some of it, writes this bit in his cash book and pays the VAT at 13.5% included in what he receives.
I've been in two restaurants over the past two weeks where 'the credit card machine is not working' - Coincidence? Or avoidance of the bank's cut of credit card payments?
I've been in two restaurants over the past two weeks where 'the credit card machine is not working' - Coincidence? Or avoidance of the bank's cut of credit card payments?
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