Cash is King or Not?

egbert

Member
Livestock Farmer
When you are given a discount for cash I would say there is a fair chance tax is being avoided.
I often find a worrying lack of understanding in the subtle terminology.

Fastfood being paid for in 'cash' doesn't mean a thing - unless the vendor isn't declaring it.
'Cash' in this instance is merely the simple form of folding, highly mobile instant payment.

And then, someone trying to obtain a 'discount for cash' might in fact be offering an immediate settlement, and be paying through other media, rather than exchanging folding money, or expecting credit. A 'cash sale' can merely mean the payment is being made at the moment of transaction.

When someone comes to me trying to buy goods or services for 'cash' and not wanting a receipt, the presumption is often that they're spending money they can't account for.
Some of them, @stewart , aren't after a discount, but needing to turn hot cash into other media.
(And for the avoidance of doubt, and visiting gov employees, I would never ever be party to such a deal)
'Cash' in that instance is likely to be undeclared 'black money', and highly risky to be handling in quantities bigger than you would want to widdle against the wall on the weekend.....

Be sure you know which you're talking about!
 

Humble Village Farmer

Member
BASE UK Member
Location
Essex
Eliminating cash has two main beneficiaries. Your shop or bar keeper knows it's far more difficult for staff to thieve from the till. Your kebab shop or Chinese takeaway have a different business model: family only and trusted personal only on the till.

The other beneficiary is the taxpayer. You just know the bloke trying to pass on £50s in the pub is tax avoiding, which means everyone else has to pay that little bit more.

Also criminals like cash because it's untraceable.
 

Northern territory

Member
Livestock Farmer
Eliminating cash has two main beneficiaries. Your shop or bar keeper knows it's far more difficult for staff to thieve from the till. Your kebab shop or Chinese takeaway have a different business model: family only and trusted personal only on the till.

The other beneficiary is the taxpayer. You just know the bloke trying to pass on £50s in the pub is tax avoiding, which means everyone else has to pay that little bit more.

Also criminals like cash because it's untraceable.
It’s peanuts in real terms though. I think one of the reasons there is no casual workers for fruit picking etc is because we have moved to a cashless society. A generation has gone as we have relied on foreign workers who have all now gone home.
 
When you are given a discount for cash I would say there is a fair chance tax is being avoided.
If money taken for tax and then not used for the purpose required nothing more than fraud???
Is it acceptable for the government to gift financial contributions to organisations like drug dealing gangs, freeloading minority ethnicities or non democratically elected organisations or governments???🤔
 
Eliminating cash has two main beneficiaries. Your shop or bar keeper knows it's far more difficult for staff to thieve from the till. Your kebab shop or Chinese takeaway have a different business model: family only and trusted personal only on the till.

The other beneficiary is the taxpayer. You just know the bloke trying to pass on £50s in the pub is tax avoiding, which means everyone else has to pay that little bit more.

Also criminals like cash because it's untraceable.

You can't thieve from a modern till. Every user has their own login code and the till electronically records what is put in the tray and what is taken out. My father ran a business relying on tills for over 20 years and the incidence of theft from tills was basically zero. Easier to steal alcohol (from the pumps) rather than money from the till. They are also quite heavy and robust so even a smash and grab won't rob one very readily.
 

David.

Member
Mixed Farmer
Location
J11 M40
If money taken for tax and then not used for the purpose required nothing more than fraud???
Is it acceptable for the government to gift financial contributions to organisations like drug dealing gangs, freeloading minority ethnicities or non democratically elected organisations or governments???🤔
You need a better Government.
We haven't managed it yet either
 

Veryfruity

Member
You can't thieve from a modern till. Every user has their own login code and the till electronically records what is put in the tray and what is taken out. My father ran a business relying on tills for over 20 years and the incidence of theft from tills was basically zero. Easier to steal alcohol (from the pumps) rather than money from the till. They are also quite heavy and robust so even a smash and grab won't rob one very readily.

No.
Staff don’t ring in the transaction, and pocket the cash.
No cash no pocketing.

However your general point is correct, tills keep people straight.
 

SFI - What % were you taking out of production?

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    Votes: 7 3.7%

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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