Search News

Results: 1-10 of 509


Increase your revenue by offering secure on-site bike parking with HUDJO

27 Jan 2022

Business booms by 30% when people cycle to the high street*. But they need somewhere to park. The HUDJO app gives cyclists easy access to a network of friendly hosts that provide secure and... Read more…

Activate Cycle Academy to open a new north-east Cytech training facility

27 Jan 2022

 Based within ZyroFisher's Head Office, one of the country's leading distributor of cycle parts, accessories and clothing, this brand new workshop is the latest addition to the expanding... Read more…

ACS publishes report providing key insights into the social and economic contributions of the rural shop sector

25 Jan 2022

The report has found there are 17,000 rural convenience stores in mainland UK, employing over 138,000 people. 79% of rural convenience stores are owned and operated by independent retailers... Read more…

Fully Charged opens up in Cornwall to bring the world's leading electric bike brands to the South West!

25 Jan 2022

Located in the geographic centre of Cornwall, Devon and South Somerset inLiskeard, Fully Charged Cornwall is ideally suited for all major-routesin the South West up to Taunton in the North... Read more…

Begin your Cytech journey now with Theory One from just 41.67

20 Jan 2022

Getting qualified to a minimum of Cytech theory one is key for every cycle trade employee, and with up to 2/3 discount it's... Read more…

Get Prepared for Making Tax Digital for VAT

17 Jan 2022

Thereis now less than three months until all VAT-registered retailers are required to submit quarterly VAT updates and annual returns via the government's Making Tax Digital (MTD) system.... Read more…

Applications for additional Apprenticeship incentives open

11 Jan 2022

Applicationsfor the Government's latest additional incentive payment of £3,000 opentoday (11 January 2022) for employers who have hired an apprentice(s) over the winter.
Read more…

Know your Scottish Polymer 50 notes - Information for Retailers

11 Jan 2022

Following an increase in counterfeit notes, the "Know your Scottish Polymer £50 notes" document assists retailers in determining whether the Polymer Scottish£50 notes they receive... Read more…

2022 Valentine's Day Toolkit

11 Jan 2022

The Greeting Card Association (GCA) have created the 2022 Valentines DayToolkit full of resources to help retailers promote Valentine's Day in their stores and online.
Read more…

Attract cyclists to your business by offering secure on-site bike parking with HUDJO

6 Jan 2022

Research shows 45% of people are unwilling to use a bike if there is no secure parking at their destination. HUDJO fixes this problem by encouragingcyclists to hop on their bike and cycle... Read more…

Back to news menu

Know your Scottish Polymer 50 notes - Information for Retailers

Posted on in Business News, Cycles News, Creative News, Outdoor News, Political News

As paper-money-2078084_1920a consequence of the introduction of the Polymer series of Scottish Bank notes to replace the older paper series of issued notes the levels (quantities) of counterfeit Scottish Bank notes in circulation has been significantly reduced.

However, counterfeit Polymer Bank of Scotland £50 notes are now being seen in circulation. At present the passing of these counterfeit Scottish £50 notes seem to be occurring principally in England, with some now being seen in Northern Ireland.

In order to assist Retailers in determining whether the Polymer Scottish £50 notes they receive as payment are genuine, the ACBI following consultation with the UKNCO have produced the document Know your Scottish Polymer £50 notes.

This document highlights the key significant features in the two notes: Colour Changing Ink (BoS only), Window(s), Holographic Foil and Raised print (name of Bank). The counterfeit notes can be readily recognised by checking four features when the notes are passed to you or during subsequent checks. It is however important that you do not focus on just one security feature.

The passing (or tendering) of counterfeit currency is a crime and should be reported to your Local Police and Not Action Fraud. The Police will require the counterfeit note(s) together with any other relevant evidence / information for example: CCTV of suspects, details of vehicle they were using etc.

The Scottish Issuers have confirmed that both the paper £20 & £50 notes will be removed from circulation on 30th SEPTEMBER 2022.

 

Know your Scottish Polymer £50 notes - Information for Retailers

 

 

Back to news menu

Useful links

If you have any other queries please contact us.