Is your business ready for the new pound coin?

We’re now less than three months away from the 15 October deadline when the old round pound will cease to be legal tender.

We’re now less than three months away from the 15 October deadline when the old round pound will cease to be legal tender.

If you haven’t already done so, we would advise you to update your systems, upgrade your equipment and machines to accept the new 12-sided £1 coin, and inform your customers accordingly ahead of 15 October.

If your equipment and machines continue to accept the old round pound coins after 15 October, your business may be at risk of being targeted with counterfeit coins.

We would also suggest that you bank round and 12-sided pound coins in separate bags, bank your round pound coins first, when possible, and encourage your customers to spend their round pounds before the October deadline.

Please get in touch with us if you have any questions or would like more information.

Call us on 01592 630048

Email us at info@edenfyfe.com

Sage Accountant Partner Sage One Certified Advisor

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Why not drop us a line or fill in our very quick enquiry form

Address

Eden Fyfe Accounts, H5 Newark Business Park, Glenrothes, Fife KY7 4NS

Phone

01592 630048


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