Don’t Kill Cash Petition

Germanshepherdsmum

I don’t worry at all. What a silly thing to say. Pay by card, only carry small amount of cash. But yes, these days if I saw someone with a big bundle of notes I would wonder about where it came from and whether they had declared it to HMRC.

£1500 is not a big bundle and nobody can see it, it was in my bag.

Germanshepherdsmum

I don’t worry at all. What a silly thing to say. Pay by card, only carry small amount of cash. But yes, these days if I saw someone with a big bundle of notes I would wonder about where it came from and whether they had declared it to HMRC.

Banks charge businesses a fee for paying in cash, sometimes it’s easier to pay staff with that cash rather than bank it.

Obviously this has to be declared and the relevant taxes deducted, and paid to HMRC.

Signed

I was on a ship heading to Papua New Guinea when my card was refused.
When I got home a few weeks later there was a message on my answerphone from my bank. That was helpful!
The card companies don’t want you to tell them your travel plans anymore. I use my card in HR duty free to leave a trail but technology isn’t always foolproof.
There are more options these days, my experience was about 8years ago, but it still makes me anxious.
I’m not daft enough to think that I could take a suitcase full of money to pay our bill at the end of the cruise and luckily we had DH’s card until we could sort it out.
So many points missed out on, DH’s card doesn’t come with benefits.

How else would you have expected to be alerted?

I would always be suspicious of anyone who wanted to pay or be paid in large amounts of cash.

No, I prefer a cashless society. I see no benefit to using cash.

I think the organisers of the petition might also have in mind the setting up of a Central Bank Digital Currency, which would eventually mean that the Government had full control of your spending power, and the ability to restrict that if they saw fit. They are 'exploring it' at the moment. www.bankofengland.co.uk/news/2021/november/statement-on-central-bank-digital-currency-next-steps.

Totally agree with B9exchange. Too much control is being taken away from individuals. Look at what the Canadian government did to those who didn't agree with their covid restrictions. Don't think it can't happen here.
I have been to several places (coffee shops etc) where the internet has been down and staff are totally lost and can only serve people who carry cash...at least it cuts the queues!
I regularly use cards but always carry cash, I can never understand why someone uses a card for really small amounts.

NotAGran55

I would always be suspicious of anyone who wanted to pay or be paid in large amounts of cash.

What do you call “large”? We live in a rural area and people around here buy and sell cars/motorbikes/boats etc for cash so you might have a few thousand in cash.

Many people have a sort out every so often and do a car boot sale or a yard sale or sell stuff on Gumtree. Again, it’s cash.

We have roadside stalls selling, eggs, honey, veggies etc and we pay with cash.

Cash is still king around here for smaller purchases.

What you’re describing are the sort of activities which aren’t reported to HMRC, are they?

Germanshepherdsmum

What you’re describing are the sort of activities which aren’t reported to HMRC, are they?

You are coming across as being rather suspicious, is that your intention?

Germanshepherdsmum

What you’re describing are the sort of activities which aren’t reported to HMRC, are they?

Do car boot sales, selling no longer wanted items on Gumtree etc have to be reported to HMRC?

What about children and pocket money? They don't tend to have cards until they're teenagers.

Yes. Do you believe people declare cash transactions such as these? I don’t.

That was to GG.

Germanshepherdsmum

Yes. Do you believe people declare cash transactions such as these? I don’t.

What - selling unwanted items at a car boot sale?
Buying plants at a charity sale?

What about second-hand school uniforms being sold by the PTA to raise money for the school or cream teas, coffee and biscuits sold by the PTA at school functions?

50p for tea and a biscuit at the school play - sorry, you will need to pay by card 😂

Primrose in our business I would consider £750 + dubious if one of the trades wanted to pay their bill to us in cash. We do reluctantly accept it but it is a pain in the neck.

No Calli, I was talking about the sort of transactions Primrose mentioned.

The option to use cash should never be taken away. I deliberately use cash some of the time. I paid for a couple of items in M&S today with cash.

Earlier this year I was at the Eden Project and was very annoyed (and told them so) that it is a cashless place.

Selling cars, motorbikes and boats ‘so you might have a few thousand in cash’.

Germanshepherdsmum

No Calli, I was talking about the sort of transactions Primrose mentioned.

But what happens t all these small, informal transactions if cash ceases to be an option?

I mentioned on another thread that some banks are refusing to take money collected in charity fundraising boxes eg for the Poppy Appeal.
They used to take the money, sorted into bags by volunteers, and weigh it.

Germanshepherdsmum

What you’re describing are the sort of activities which aren’t reported to HMRC, are they?

You seem a bit obsessed with this! If I sell my car or a bike I don’t need to tell HMRC.

If I clear out my spare room and sell the contents that’s nothing to do with HMRC.

We sold our horse box recently as we no longer use it and got a couple of thousand for that, that’s not HMRCs business either.
Next week we will be selling the ancient 4 x 4 we towed it with and that’s another couple of thousand hopefully. Guess what? That’s nothing to do with HMRC either.

NotAGran55

Primrose in our business I would consider £750 + dubious if one of the trades wanted to pay their bill to us in cash. We do reluctantly accept it but it is a pain in the neck.

Really? Wouldn’t bother us at all. At least it’s a bill paid. We would rather that than a non payer.

Selling cars, motorcycles and boats aren’t what I would call small transactions. Primrose mentioned people having thousands. I don’t doubt that’s right. It’s not exactly car boot sales.

I think you need some advice from an accountant Primrose. You have a very casual attitude to the way you make money, and the provenance of the cash you’re paid with.