Money

ATMs are conveniently located throughout London in banks, large hotels, and shopping centers.

Currency
Britain's decimal monetary system is based on the pound (£), which is made up of 100 pence (written as "p"). Pounds are also called quid by Britons. There are £1 and £2 coins, as well as coins of 50p, 20p, 10p, 5p, 2p, and 1p. Banknotes come in denominations of £5, £10, £20, and £50.

The Euro: Since the euro's inception, the U.S. dollar and the euro have traded almost on par (i.e., $1 approximately equals 1€).

Taxes
To encourage energy conservation, the British government levies a 25% tax on gasoline (petrol). There is also a 17.5% national value-added tax (VAT) that is added to all hotel and restaurant bills and is included in the price of many items you purchase. This can be refunded if you shop at stores that participate in the Retail Export Scheme (signs are posted in the window).

In October 1994, Britain imposed a departure tax. It is included in the price of your ticket.