Do shops/garages take 50 notes

They have to, its legal tender.

I have often seen signs up in shops saying due to high levels of fraud we do not accept 50 notes. Small shops often don't have a lot of change, so might not even be able to change one. My understanding is that very few shops will take them.

The only time I ever use them is buying something expensive in cash (about once every two years recently)

They'll treat it as they would anyone else who cannot pay. They will expect you to leave your car until you get back with an acceptable means of payment.

Neb

A petrol station would have to accept them, unless it is one where you pay before filling up, as you have already taken the petrol and you owe them the money.

If they refuse to accept legal tender in settlement of a debt then they can't demand the money later.

A shop doesn't have to accept them in payment as you don't owe them any money until the sale takes place.

Depends on the shop, small shops don't like taking them for small purchases because of the fraud risk and many don't keep 50 quid in change in the till.

Larger shops and chains will usually take them quite happily.

Your friend refusing to take them suggests to me that he doesn't want to bank them and declare the income to the tax man, bet he doesn't like cheques either.

When exactly does the sale take place? Once you're through the check-out and have the groceries in your bag, surely you're in the same position as having a car full of petrol? Or is the sale deemed not complete until you leave the shop? An accountant friend always used to claim that the shop was under no obligation to give change from a note, but he usually talked a load of rot.

Tiddy Ogg.

I am reminded of this film:-

Yes, but by that time you will have paid for them.

They cannot refuse them as they are legal tender, but they are not legally obliged to give you any change.

He's right. The shop (or the filling station) can take the £50 note in payment and decline to give any change.

Legal tender (where the concept applies - ie settlement of debts, not for everyday shopping) has to be for the exact amount to be legal.

Given that it takes about £48.00 to fill my car at the moment I might just try this out with a fifty - mind you this would be the first time I have ever used cash in a UK filling station.

At a local charity shop they no longer take £20s as they were stung at both local shops on the same day with dodgy ones.

Been out this morning and spent two them but for purchases each just over

1. One in B&Q and the other in Homebase but felt a bit nervous at the till as if the lights and alarms would go off!!!

Ken

PS And for the poster that suggested anything dodgy just shut up! Some groups of folks settle in cash and if I need cash for Drawings or Business Expenses does he think I will bank all the cash every time and then separately take cash out.

Just change them at your bank then. No big deal, they get that all the time.

I use a lot of cash myself, but I don't refuse to take 50's, I know i can happily change them at any bank. Its the fact that your 'friend' isn't happy to change them that suggests there is more to this story.

Until now my company has never had a reason not to take them just that no one ever paid with them before. If our customers choose to pay their bills by cash they are, and always will be, free to do so. If there were to be a problem we know where they live, etc.

"More to the story" - what's up with you sounds as if you are bent and assuming everyone else is?

What has your company got to do with it, its your friend that I think is evading taxes.

You, you are just stupid.

Yes I am really really stupid. Didn't realise you were a troll!

I doubt it, have seen the same elsewhere, for example in the US many shops have signs up saying they wont accept $50 notes for the same reason.If local shops wont accept the notes then it would be natural to be reluctant to accept them yourself. Why put up with the hassle of going to a bank if you can just be given different notes instead?

Since when legal tender does not constitute acceptable means of payment?

B.