10-05-2014, 09:31 AM
(10-05-2014, 08:36 AM)Retired Wrote: Strange isn't it that having worked hard for 50 years struggling to save a few bob only to find that the money in cash is no good to even buy a small car. I'd like to pay our TV licence and rates in farthings.
The problem is not you, its drug dealers and other criminals who try to "wash" large amounts of cash through the system by buying capital items with cash and also to stop traders not declaring income/sales by being paid in cash to defraud HMRC of both corporation tax & possibly VAT.
If you have the cash legitimately and have paid whatever tax was due on it, just stick it into your bank account and write a cheque.
Money laundering is a major problem - the "Black economy" has just been caught up in the clean-up operations for organised crime.
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