Businesses that are "cash only"

Unless teachers are boasting in public about not paying income tax, then how could anyone else know about it? Even the parents paying them. Revenue were going after them back in 2017, and no doubt they still are. They are employees of the schools Boards of Management.

https://www.independent.ie/irish-news/taxman-hunt-for-teachers-grinds-cash/35812847.html

It might depend on the neighbour.

The usual arrangement is that if you are getting a discount for cash you don't look for a receipt.

Of course there are overheads and staff pay.

These would exist even if they collected no extra tax.

They are fixed costs attached to all taxation systems.

Without Audits and investigations the integrity of the system would be undermined resulting in a net loss to the exchequer.

There is defiantly an age thing here. younger people prefer to tap while many older people prefer to use cash.

Personally it depends on what I am paying for. I will not tap in a pub. Before I go out I will go to a machine get cash and pay with it.

If I am paying for something small I will use cash like milk bread etc but for bigger purchases I will use card.

I do feel that it should be mandatory to accept cash . Was in a shopping center in limerick a few days ago and went to get a box of donuts from Krispy crem. when They were in the box I was informed that they don't take cash. I said fine you may put them back as I refuse to be forced to pay by card. ( I did say it nicely) Very unhappy shop assistant.

There are many reasons for using cash.

Many can budget better using cash- cant spend what isn't in their pocket.

I do advise younger people who may be looking for a mortgage to withdraw cash and pay for their pints , paddy power, lottery etc . Banks do look at a persons spending and do on occasions query as to whether the person has a gambling problem etc. ( 1 case it came up was where a chap was in a lotto syndicate and paid for it using his card.)

There is a privacy issue.

Some people in abusive relationships need to to cash .

Bank fees are huge. with fees per transaction this comes off the bottom line of a business.

A lot of the comments here state that if a business takes cash they must be fiddling the tax man that is plain wrong.

In the vast majority of cases the cash goes into the till and is included as income of the business. Often they will pay suppliers in cash as well that goes into the payments section of their accounts. A good example of same are small shops who pay the milk or bread when they are delivered. They get their invoice and receipt for same and both the income and the expense is included in their accounts but the difference is the bank doesn't get their cut .

I would also point out that while contactless payments are currently free in Ireland I doubt that this will always be the case.

I firmly believe that it should be illegal to only accept card payments and refuse legal tender - cash

I find it very difficult to believe that shops are paying their suppliers in cash.

Sooner or later someone has to bank this cash and that costs money, there's also a substantial risk of theft or employee fraud with cash too.

Most likely the "cash only" business is paying at least some of their staff some/all of their wages under the table in cash.