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Exchange rate on foreign income

Answer
Queenie Chiu
Posted Wed, 25 Sep 2024 21:45:23 GMT by Queenie Chiu
Hi HMRC, if I have foreign salary received during 6 Apr 2023- 5 Apr 2024, can I use any date of the spot rate between 6 Apr 2023- 5 Apr 2024 to calcuate all salary received during this period? or I have to use the average rate / monthly rate to transfer the salary into pounds? Thanks!
Answer
HMRC Admin 32 Response
Posted Fri, 04 Oct 2024 09:52:45 GMT by HMRC Admin 32 Response
Hi,
You can use whichever is more beneficial.
Thank you.

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