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Interest and Other Income from Overseas Savings

taxabc
Posted Fri, 09 Aug 2024 11:02:58 GMT by taxabc
In my 2023/2024 self assessment reporting, i will convert the Interest and Other Income from Overseas Savings to GBP using the March 2024 Average Exchange Rates (UK Integrated Online Tariff), which is a single rate 1Apr2023 to 31Mar2024 for each overseas currency. All transactions to be reported took place in 2023/2024. There was no actual foreign currency exchange. Please advise whether the treatment is correct or not.
HMRC Admin 5 Response
Posted Tue, 20 Aug 2024 14:37:24 GMT by HMRC Admin 5 Response
Hi 

Yes, that is the correct treatment.

Thanks

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