Re:EU-wide maximum limit of €10K for cash payments
by flumpcakes on Saturday December 10, 2022 @07:02PM
(#33938428)
I don't think I have ever paid for anything over a few hundred in cash. Criminalising the use of cash seems a bit authoritarian, but I don't think there is any legitimate reason to pay for anything in cash with that amount that couldn't be done by a BACS transfer.
In the UK you have to register with HMRC under money laundering supervision regulations if you are a business or trader that takes in cash payments over 10,000 euro.
In the UK you have to register with HMRC under money laundering supervision regulations if you are a business or trader that takes in cash payments over 10,000 euro.