during a financial year, I made a payment voucher of 180000 in cash what cash payment is allowed or not in this case
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Quick Summary
Paying rent in cash exceeding £10,000 in a single financial year can lead to issues with income tax regulations. Generally, cash payments above £10,000 to a single person in a day are restricted. While there are exceptions for specific business types like transportation (with a higher limit of £35,000 under certain conditions), these typically don't apply to rental payments. It's advisable to explore alternative payment methods to comply with tax laws.