NCDOR Guidance on Rounding Cash Transactions

The N.C. Department of Revenue has issued a directive providing guidance to retailers concerning the rounding of cash transactions. This directive addresses the practical implications for retailers following the United States Mint's suspension of penny production, offering clarity on how to manage transactions where exact change involving pennies is no longer feasible.

Retailers should review this directive to ensure their cash transaction rounding practices align with state guidance. While this is a guidance document and not a rule with a specific compliance deadline, adherence is recommended to maintain consistency in sales tax collection and customer interactions. No penalties are specified for non-compliance with this guidance, but it aims to standardize practices across the state.