Everyone is being reminded to check the change in their pockets.

From February 28, the old UK round pound will not be accepted as payment in the Isle of Man.

It’s particularly confusing in the island because the Isle of Man is keeping its round pound, which is the same size and shape as the old UK coin.

The UK has issued a 12-sided £1 to replace its old round one in a strategy to foil forgers.

UK round pounds actually ceased to be legal tender at midnight on October 15.

But island retailers have continued to accept UK round pounds.

From March 1 the Manx round pound and UK 12-sided pound will be the only valid tender £1 coins in circulation in the Isle of Man.

People will still be able return any remaining UK round pounds to their bank, where they can be exchanged for valid tender coins or notes.

This will continue to be the case for some time to come.

The fact that the Manx round pound and the UK 12-sided one are legal tender in the Isle of Man has caused a headache for companies that operate vending machines.

As the Manx Independent reported a year ago, the cost to one family business alone, MannVend, was estimated at £22,000 as machines had to be revamped.

Meanwhile, Douglas Council, for example, operates four pay and display car parks in the borough: Shaw’s Brow, the Bottleneck, Chester Street and Drumgold Street (Marks and Spencer).

It means that, since the machines cannot differentiate between old UK round pounds and Manx ones, some people will probably offload their old UK coins in such machines.

As well as the problem with £1 coins, the UK’s old-series £10 note is being withdrawn from circulation from March 1, having been replaced by the new polymer £10 note in September 2017.

The UK old series note can be exchanged at the bank for valid tender notes.