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Exchange Rate



Answer
Sidney Smith
Posted Wed, 23 Apr 2025 15:18:55 GMT by Sidney Smith
I have interest income in US dollars. Is there a defined exchange rate to convert into GB pounds or do I use the prevailing exchange rate at the time the income was paid? Thank you
Answer
HMRC Admin 21 Response
Posted Fri, 25 Apr 2025 11:21:25 GMT by HMRC Admin 21 Response
Hi,
Under the terms of Self Assessment, we do not provide an official exchange rate and the onus is on the individual to use a just and reasonable exchange rate for each acquisition and disposal.
For your convenience, there are exchange rates at:
 Exchange rates from HMRC in CSV and XML format 
Thank you.

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