HYDC

Dear HMRC Admin 25 Thank you for your reply. My question is actually if I should use the exchange rate for the month the income is earned? or to use the exchange rate for the month the income is actually received? Since there is a time gap for the income payment. Hope you can help clarify. Many thanks.

Hello, Which month's exchange rate should I use when a foreign income for April is only paid in June? Should I use April exchange rate? or June exchange rate when reporting the income in the self assessment? Appreciate much your kind advice. Thanks.