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Topic: UK tax question....(USD to British Pounds)  (Read 947 times)

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UK tax question....(USD to British Pounds)
« on: February 27, 2008, 08:04:10 PM »
I am filling out my UK Self Assessment......(got an extension).....I'm doing the foreign income part........what's the formula for converting USD to pounds? I can't find anything on the HMRC website....and whoever sent me the form from HMRC didn't bother to send any supporting docs that give me what I need.

TIAb


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Re: UK tax question....(USD to British Pounds)
« Reply #1 on: February 27, 2008, 08:16:53 PM »
You use HMRCs official exchange rate, but why are you reporting US$ on your UK return?

Are you domiciled here?  Did you remit foreign income to the UK net of US taxes?


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