Money Matters

The currency in the United Kingdom is the British Pound also known as Pound Sterling (£). Click here for an up-to-date currency converter.

Foreign currency and traveller’s cheques can be exchanged at banks, post offices, travel agents, bureau de change kiosks and some hotels throughout the city.

Most hotels, restaurants and shops accept all major credit cards.  Bank notes can be withdrawn from bank ATMs which are located throughout Dundee (a transaction fee may apply.

There are no rules about tipping in the UK, but it is normal to tip about 10% of the total bill in restaurants and cafes. Some establishments add a service charge on top of the bill as standard so please check before leaving a gratuity. It is not common practice to tip bar staff in clubs and pubs, unless you are eating there. Normal tip for taxi drivers is rounding up to the nearest pound (£).

All prices in the UK include VAT at 20%. Visitors from outside the EU may not need to pay VAT on all purchases and there are some stores that operate a VAT refund system.  Visitors travelling to Scotland on business may be entitled to reclaim the 20% tax charged on event expenses, transport, accommodation, meals, business entertaining and more.

Visit HM Revenue & Customs for further information.