Disallowance of electricity charges

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31 Points Posted on 17 November 2021
Can electrical charges be paid in cash without any limit?
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On 17 November 2021 at 11:04 Report
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Quick Summary
Paying electricity bills in cash, especially amounts exceeding £10,000, can result in the expense being disallowed for tax purposes. Unlike government taxes, electricity charges are considered general business expenses. If a client has made such a payment, it's important to be aware that this could attract disallowance.

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Team Lead
7558 Points Posted on 17 November 2021
It can't be paid as it's not a tax to be paid to government but an general business expense
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On 17 November 2021 at 11:25
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31 Points Posted on 17 November 2021
One of my clients has paid electricity charges above 10000 through cash only wat to do now
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On 17 November 2021 at 11:33
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Team Lead
7558 Points Posted on 17 November 2021
It will be disallowed
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On 17 November 2021 at 11:36
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Chartered Accountant
24588 Points Posted on 17 November 2021
Disallowance will attracted
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On 17 November 2021 at 11:47

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