{"id":89367,"date":"2018-02-26T15:06:34","date_gmt":"2018-02-26T15:06:34","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=03ed6e579733626abb725669065e3194"},"modified":"2018-02-26T15:06:34","modified_gmt":"2018-02-26T15:06:34","slug":"news-story-businesses-take-note-the-old-10-expires-1-march","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=89367","title":{"rendered":"News story: Businesses take note: the old \u00a310 expires 1 March"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Time is ticking for the old paper \u00a310 banknote. We\u2019re advising all businesses to take \u2018note\u2019, as there\u2019s just a few days left to spend your old \u2018tenners\u2019.<\/p>\n<p>Figures from the Bank of England suggest there\u2019s still \u00a32.2 billion of old paper \u00a310 notes in circulation. But, from midnight on 1 March 2018, these old paper notes will stop being legal tender. This means that from this date, you\u2019ll no longer be able to spend the old paper notes, featuring Charles Darwin.<\/p>\n<h2 id=\"changing-your-old-banknotes\">Changing your old banknotes<\/h2>\n<p>From 1 March, most shops and other businesses will only accept the new polymer or \u2018plastic\u2019 \u00a310 notes, featuring Jane Austen. But, you\u2019ll still be able to exchange any old paper tenners for free at the Bank of England, either by post or in person.<\/p>\n<p>Some retailers, banks and building societies may choose to accept the old notes after this deadline. But, they don\u2019t have to.<\/p>\n<h2 id=\"new-polymer-notes\">New polymer notes<\/h2>\n<p>Paper banknotes of \u00a35, \u00a310 and \u00a320, are being gradually replaced by polymer ones, which are more secure and harder to counterfeit. These new banknotes also have raised bumps and dots, to help blind and partially-sighted users identify each banknote by touch.<\/p>\n<p>They\u2019re also more resistant to dirt and wear, so last longer. According to the Bank of England, this means they\u2019re better for the environment, with a lower carbon footprint than the old paper notes.<\/p>\n<h2 id=\"other-banknotes\">Other banknotes<\/h2>\n<p>The old paper \u00a35 note has already been replaced, and a new polymer \u00a320 banknote will be issued in 2020. The Bank of England hasn\u2019t confirmed if the \u00a350 note will be replaced.<\/p>\n<h2 id=\"planning-for-the-change\">Planning for the change<\/h2>\n<p>As with any change in banknote design, all businesses that use cash need to plan and prepare for polymer banknotes. For more information on how to get your business ready, you can visit the <a rel=\"external\" href=\"https:\/\/www.bankofengland.co.uk\/banknotes\/polymer-banknotes\">Bank of England website<\/a>.<\/p>\n<p>The easiest way to manage your information at Companies House, is online. Find out more about <a href=\"https:\/\/www.gov.uk\/government\/organisations\/companies-house\/about-our-services\">our range of digital services<\/a> to help you file, or search for company details.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>All old paper \u00a310 notes must be spent by 1 March 2018.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/89367"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89367"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/89367\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}