Carousel_Arrow Chat icon_cookie IHT_trust_wills IR35 Combined Shape 2 Group 10 Login Mobile Menu Share Share Email SubMenuMobile Group 9 VAT View_Gallery View_List capital_allow Triangle 2 Copy Close construction cyberpro employment_tax_shares emplyer_solutions entrepreneurs_corps fee_protect Group 7 grant_fund Group i_Clock i_Consult i_Done i_Eligibility_Tick i_Enter i_Filter i_HMRC i_Negative i_Play i_Plus i_Reset i_Support_Legal i_Support_TaxDesk i_Support_VAT i_Tick noun_marketing_1872083 noun_online_2126759 i_download i_meet Group Copy 24 Group 18 noun_electrical_1240755 copy noun_Technology_2125422 noun_Science_2031115 i_tick_bullet_block international_tax patent_box private_client property_sdlt r_and_d reliefs_incentives Search specialist_tax status tax_indemnity valuation
Markel Tax

13 Mar 2018

Cash and digital payments

At the Spring Statement, the Chancellor announced a call for evidence on the role of cash and digital payments in the new economy. The digital economy has revolutionised the way people shop, sell, etc. with less than 50% of all payments now undertaken in cash.

The government would like a better understanding on how the transition from cash to digital payments impacts on different sectors, regions and demographics. They would like to ensure that the ability to pay by cash is available for those who need it, whilst cracking down on the minority who use cash to evade tax and launder money.

The consultation closes on 5 June 2018 and will seek both domestic and international evidence of what the government can do in this area.

Next article in series

13 Mar 2018

Tackling the Plastic Problem

The Prime Minister launched a 25 year Environment Plan in January 2018 including a pledge to eradicate all avoidable plastic waste by 2042.

Receive your regular Markel round-up

Sign up to our monthly newsletter

Strategic partners

  • Tolleys
  • Institute of Financial Accountants
  • BTC Software
  • AccountingCPD.net
  • Lovell Consulting