Paying for selling items privately

ACEngineering

Member
Location
Oxon
Missing out on free advertising!! Tho it seems that business name is taken haha

AC is my initials, i did intend to change the business name years ago as the R is long gone but i ended up just sticking with the old name. My trading name and faceache link is at the bottom of all my posts just it only shows up on a Laptop or PC normally, plus there is a banner advert running here too.
 

Highland Mule

Member
Livestock Farmer
Cash and pay it in the bank, standing near the buyer and with the Teller ok'ing the notes and issuing a receipt is still a foolproof method, even in 2021
Longwinded, yes....................but secure

There's a legal limit beyond which you're not allowed to transact in cash - the money laundering regulations I think - so that wouldn't work for any meaningful amounts.

money-laundering-regulations-high-value-dealer-registration
 

Highland Mule

Member
Livestock Farmer
Travellers seem to manage buying stuff with cash, how do they do it?
Perhaps they register as high value traders and take all necessary steps?
:rolleyes:

Seem to recall the cash limit is £10k.
It's in every auction catalogue terms and conditions.

Personally I'll stick to bacs. Why make life Complicated

€10k, so a shade under £9k. And agreed, CBA counting out that much, even if it was Scottish £100 notes.
 

SFI - What % were you taking out of production?

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Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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