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Income tax declaration exchange rate to be used.


JohnRoss

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[quote user="CeeJay"]... but what happens when your main income gets paid into a UK bank and stays there until infrequently called upon, if at all during the year? [/quote]

Then you do as the French tax authorities say - and Cooperlola does - and look up the exchange rate on the Banque de France site for the date the credit hit your UK bank account and use that rate for that particular credit on that day; then do the same for each and every taxable credit that hit your UK bank account throughout 2011. Total the euros and use that figure for your french tax return.

Or, if your UK credits are too numerous to do that then, you ask your main French tax office for their advice and they tell you the rate to use and you use that rate for each and every taxable credit you received in the UK in 2011.

Sue

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