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cash in hand or cheque

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    cash in hand or cheque

    New heating system is being installed. The heating chap said he'll knock off ££ for cash in hand.

    What would be a reasonable % to knock off the invoice for cash in hand?
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    #2
    Originally posted by scooterscot View Post
    New heating system is being installed. The heating chap said he'll knock off ££ for cash in hand.

    What would be a reasonable % to knock off the invoice for cash in hand?
    Tell him you have recorded the conversation and will grass him up if he doesn't do it for 10% of the quote.

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      #3
      Originally posted by scooterscot View Post
      New heating system is being installed. The heating chap said he'll knock off ££ for cash in hand.

      What would be a reasonable % to knock off the invoice for cash in hand?
      VAT on the labour + 10%.
      ‎"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."

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        #4
        Originally posted by scooterscot View Post
        New heating system is being installed. The heating chap said he'll knock off ££ for cash in hand.

        What would be a reasonable % to knock off the invoice for cash in hand?
        If he's registered, isn't the rule of thumb to do it sans VAT when talking cash?
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          #5
          10% is pretty normal in these situations. He takes cash for a discount and the money doesnt go through the books or does so as a smaller amount so he doesnt pay VAT etc on it.
          "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

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            #6
            Originally posted by Diestl View Post
            Tell him you have recorded the conversation and will grass him up if he doesn't do it for 10% of the quote.
            Why? It's not illegal to offer a discount for better payment terms.

            I'd expect to get 10-15% off at least.
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              #7
              If it's not going on the books, what happens if it develops a fault?

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                #8
                Originally posted by DaveB View Post
                10% is pretty normal in these situations. He takes cash for a discount and the money doesnt go through the books or does so as a smaller amount so he doesnt pay VAT etc on it.
                That's libellous. How do you know that he's not paying VAT on it, or putting it through the books?

                As a small trader, he may find that accepting cash is a better payment method because he incurs lower charges, or enables him to purchase materials quicker, since he doesn't need the payment to clear.

                There are many legitimate reasons for accepting cash payments.
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                  #9
                  Originally posted by Clippy View Post
                  If it's not going on the books, what happens if it develops a fault?
                  The person who does the work.

                  Get a receipt for the work, same as you would with any other payment mechanism.
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                    #10
                    And if it goes wrong - what evidence you got to get him to fix it?

                    I'm all for a bit of the black economy (can we still say that?), but sometimes it can work against you.
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