Locksmith Posted April 29, 2020 Share Posted April 29, 2020 HiIts that time of the year again, does anyone know what exchange rate, Sterling to Euro we use this year?Thanks Locksmith Link to comment Share on other sites More sharing options...
nomoss Posted April 29, 2020 Share Posted April 29, 2020 I believe the BOF average value for 2019 is £1 = 1.1399€I worked out our Sterling income equivalent using both that and the BOE daily rates.EDIT: Scroll down for detailsThe difference was less than 23€. Link to comment Share on other sites More sharing options...
Locksmith Posted April 30, 2020 Author Share Posted April 30, 2020 Thanks for the fast reply. I now have something to do in lock down.Locksmith Link to comment Share on other sites More sharing options...
chessfou2 Posted May 1, 2020 Share Posted May 1, 2020 Technically, we should use the daily rate. It does not take much longer, not least because I have to do that for some of my invoices & URSSAF returns, but in total we have no more than about 60 items that are not already n €.. Link to comment Share on other sites More sharing options...
idun Posted May 2, 2020 Share Posted May 2, 2020 As we have to transfer back regularly I always use the rate we get rather than what the government says. THEY, the tax folk do not have to mess around getting the best exchange rates and pay charges do they.In fairness I cannot think of a better way of doing it. As it happens, it is often not that much out, but I do not feel inclined to pay taxes on money we have not received, that would be just plain wrong. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now