Reply to: Is there a limit for cash payments

[greenlake]

The amount is not that big, but here is the next problem - my business bank doesn't have branches here in Scotland.
So how can I gat some cash. ATM is not an option, or it is inconvenient.

Buy yourself one of these for only £4.99....



MONEY PRINTER NOTE BILLS MAKER ROLLER PRINTING | eBay

[Lance]

The OP hasn't said that. They have a few threads and people have conflated the two.

2 threads both of which contain a smell of tax evasion (by inference only)

But you're right it's not what he asked. He has the correct answers anyway so a bit of a result if he was after correct answers.

[WTFH]

Could you get your "friend" to open a new bank account, then he/she/it will get £100.
How much are you wanting to pay them, and will they be raising an invoice?

[missinggreenfields]

OP You're loaning your MIL 15 large from your Ltd and she wants it in cash? I've heard it all now...

The OP hasn't said that. They have a few threads and people have conflated the two.

[MrMarkyMark]

15 large, yesterday

[northernladuk]

OP You're loaning your MIL 15 large from your Ltd and she wants it in cash? I've heard it all now...

She's got a till so she can give proper receipts though don't forget.

[SlipTheJab]

OP You're loaning your MIL 15 large from your Ltd and she wants it in cash? I've heard it all now...

[barrydidit]

My girlfriend keeps telling me that.

Don't think I didn't spot that

[Lance]

That wouldn't be the £15k "loan" to your friend/MIL would it?

It might well be. Good call. That's what I reckon as well.

To the OP.... whatever you do the money must be traceable to the 'subcontractor'/'MIL'/whomever or else Hector could deem it a dodgy/illegal payment. So the recipient must be able to provide a genuine/traceable receipt or invoice.
And it must be for services in relation to your business.

[sal]

That wouldn't be the £15k "loan" to your friend/MIL would it?

[missinggreenfields]

ATM is not an option, or it is inconvenient.

My girlfriend keeps telling me that, but there are always ways that what isn't an option or might be inconvenient can suddenly become not only possible but desirable if you put your mind to it and try hard enough.

[jbond007]

You need to pay someone in cash, but you are saying ATM or going into branch isn't an option ? If that is the case, surely bank transfer would be most viable option. Or you could look into Western Union ??

[Lance]

I'd have thought those are your only options. And realistically how inconvenient is going to an ATM? Even up here in backward Scotland there's one every 50 yards. Another option is to tell your subbie you can't pay him cash. Big then you'll not never get your discount and he'll need to pay tax on it ;-)

If the OP knows that the reason for cash is to evade tax then he is also breaking the law by paying cash. Conspiracy to fraud amongst others I think. IANAL.

[Alan @ BroomeAffinity]

The amount is not that big, but here is the next problem - my business bank doesn't have branches here in Scotland.
So how can I gat some cash. ATM is not an option, or it is inconvenient.

I'd have thought those are your only options. And realistically how inconvenient is going to an ATM? Even up here in backward Scotland there's one every 50 yards. Another option is to tell your subbie you can't pay him cash. Big then you'll not never get your discount and he'll need to pay tax on it ;-)

[kolata]

Surely you can work this one out for yourself?

Feck off.