What exchange rate should I use to convert foreign income into GBP (Great British Pounds)?
HMRC provides a
list of exchange rates to use for your tax return if you need convert foreign currency into GBP.
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You should ask yourself, what was the main purpose for making the currency change? Scenario 1 You were going on holiday or visiting another country and you changed some money into their local currency. When travelling back home, the exchange rates ...
SA101 : Foreign Income not liable to UK Tax
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1. Click on '+ NEW PAGE' and then select 'Foreign Income (SA106)' 2. Fill in the boxes provided and then click 'SAVE' 3. Click on '+ INCOME' and then select any of the relevant sources of income from the drop-down list 4. Click 'SAVE' once you've ...
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