Last edited:
Anyone else noticed
- Thread starter Thingybob
- Start date
Help Support UKworkshop.co.uk:
joethedrummer
Established Member
,,i thought tax was what you held lino down with ,,
When I was in 'The Works' craft shop twice recently, I asked why it was cash only: they said it was because of cyber attacks.
Putin goons? Who knows? Rhetorical question = don't start !
Putin goons? Who knows? Rhetorical question = don't start !
Terry - Somerset
Established Member
Cards, apple and google pay all charge the retailer - may make small value transactions unprofitable.
But they do avoid cash on the premises - insurance, need for banking, theft etc. Risk of staff fraud in lower value, higher gross margin businesses - eg: pubs, cafes, restaurants, taxis, dry cleaning, etc etc.
Equal and opposite - cash in hand businesses are sometimes loved by small business owners who can (up to a point) avoid declaring taxable income. It is much harder to hide digital transactions from HMRC!
In the UK in 2021 cash was used for only 11% of point of sale transactions. Cash is the modern equivalent of tally sticks, gold and silver coins which in millennia past were replaced by paper notes.
But they do avoid cash on the premises - insurance, need for banking, theft etc. Risk of staff fraud in lower value, higher gross margin businesses - eg: pubs, cafes, restaurants, taxis, dry cleaning, etc etc.
Equal and opposite - cash in hand businesses are sometimes loved by small business owners who can (up to a point) avoid declaring taxable income. It is much harder to hide digital transactions from HMRC!
In the UK in 2021 cash was used for only 11% of point of sale transactions. Cash is the modern equivalent of tally sticks, gold and silver coins which in millennia past were replaced by paper notes.
I think the only limit is a maximum in terms of specific counsThat's what I thought too, I googled it recently.. apparently a business is totally free to choose what payment they accept, all cash, card only, card above a certain limit. It's completely up to them
Phil Pascoe
Established Member
... but they are not legally obliged to accept said coins.
Terry - Somerset
Established Member
The UK is a very mature democracy. Much of the law is based on precedent and Acts of Parliament going back several hundred years and and still on the statute books.
The Statute of Marlborough is a set of laws passed by the Parliament of England during the reign of Henry III in 1267. The laws comprised 29 chapters, of which four are still in force. Those four chapters constitute the oldest piece of statute law in the United Kingdom still in force as of 2022.
I suspect the law related to legal tender somewhat predates debit and credit cars, and almost certainly digital transactions.
The Statute of Marlborough is a set of laws passed by the Parliament of England during the reign of Henry III in 1267. The laws comprised 29 chapters, of which four are still in force. Those four chapters constitute the oldest piece of statute law in the United Kingdom still in force as of 2022.
I suspect the law related to legal tender somewhat predates debit and credit cars, and almost certainly digital transactions.
Phil Pascoe
Established Member
A democracy is a little odd when 4.1 million people can vote and get one MP and you can't vote to get rid of a head of state. By the bye ................ 
Could be for a variety of reasons.
See link.........
https://www.thebalance.com/why-stores-dont-take-credit-cards-315228
See link.........
https://www.thebalance.com/why-stores-dont-take-credit-cards-315228
Similar threads
