Skip to main content

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

Posted Mon, 09 Sep 2024 10:01:36 GMT by Co23walr
I have got a foreign saving interest of USD 1000 and exchanged it into GBP 780. I found it later that according to the monthly exchange rate, the interest is to be calculated as GBP 800. Could I report GBP 780 as the saving income or GBP 800?
Posted Fri, 13 Sep 2024 13:59:19 GMT by HMRC Admin 32 Response
Hi,
It will be the £800 unless you actually withdrew the interest and exchanged it for sterling in the tax year.
Thank you.

You must be signed in to post in this forum.