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Maximum amount of Legal Tender acceptable for paying debt

  • 17-09-2010 5:10pm
    #1
    ianobrien
    Registered Users, Registered Users 2 Posts: 2,755 ✭✭✭


    Mods, if this is in the wrong area, apologies.

    All, I was reading the new requirements for paying VRT and they had a limit of the amount of cash that they will accept (€200 max). They will accept the full amount by other means.

    I always thought that cash was legal tender and had to be taken in payment of a debt. I know that if you are buying an item, the shop can refuse to take cash (if the shop refuses, you don't have a debt) but my question is can the Revenue refuse cash, and if they do, is the debt null?


Comments

  • #2
    FreudianSlippers
    Registered Users, Registered Users 2 Posts: 20,397 ✭✭✭✭FreudianSlippers


    Might be better off in Taxation forum.

    (Mods there feel free to move back if I'm incorrect)


  • #3
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    the revenue is not a debt -it's a tax. you have a statutory obligation to pay it so forget about it being written off.

    You could just get a bank draft or postal order if you want to pay by cash- they do it for security reasons as these can be traced- cash cannot.


  • #4
    ianobrien
    Registered Users, Registered Users 2 Posts: 2,755 ✭✭✭ianobrien


    Mr. Incognito wrote: »
    the revenue is not a debt -it's a tax. you have a statutory obligation to pay it so forget about it being written off.

    You could just get a bank draft or postal order if you want to pay by cash- they do it for security reasons as these can be traced- cash cannot.

    Yes, I know I have an obligation to pay it. My question is can I pay it with legal tender, and can they legally refuse to accept legal tender?

    A bank draft or postal order costs money, and I'm a tight fisted fella. I'll pay my tax, but no more.


  • #5
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    My question is can I pay it with legal tender, and can they legally refuse to accept legal tender?

    Yes,

    Unless you want to take a challenge to the supreme court- best of luck- let me know how you get on.


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