"johnt" wrote in message
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"Rod Speed" wrote in message
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"johnt" wrote in message
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"Harry Bloomfield" wrote in message
news Jim K wrote on 29/07/2018 :
By encouraging tax evasion?

How did you arrive at that conclusion?

By 'cash' I mean funds in the bank, so 'cash' = cash and cards. Cash
available to use, means you can often get a 10% discount on a posted
price in a shop, especially true if they are offering interest free
credit on an item.

My understanding is that it is illegal to offer a discount in lieu of
Interest Free Credit.

No it is not.

Yes it is!

We'll see...

If you offer interest free credit you are not required to state an APR
(because it is zero). But if you reduce the price for immediate payment in
full you are creating a different pricing structure.

But that lower price doesn't involve any interest free
credit, so there is no requirement to state any APR,
and you are legally free to offer it at any price you like.

Unless you offer ifc on the reduced price you are required to state the
APR,

Not with something offered for payment
in full at the time of purchase you arent.

which would be based on the discounted price.

Not with something offered for payment
in full at the time of purchase.

Colin got a lower price for payment in full at the
time of purchase with items that have IFC available.