Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Sat, 16 Jul 2022 19:11:00 GMT by Greg
I am trying to complete my self assessment and I have foreign income that is in dollar currency and is not brought into the UK, how should I account for these funds in my tax return as I do not want to convert the currency to sterling.
Posted Tue, 19 Jul 2022 13:51:56 GMT by HMRC Admin 26
Hi,


You still need to declare the income in the UK and it must be in sterling, even if not brought to the UK. Please see:

Tax on foreign income

and

Exchange rates from HMRC in CSV and XML format


Thank you.

You must be signed in to post in this forum.