RTSO 1 - Exchange Rate

[Smarff]

I exercised unapproved Share Options and all costs/valuations in my Merrill account are in USD when I need to self-declare in EUR. I haven't sold the shares so haven't received any money but need to enter the costs. Do I use the exchange rate of the day it was exercised and if so where do I source that as I understand it will be slightly different depending on where I look? If I Revenue have a different calculation can that be rectified later and could it cause issues?

Thanks in advance!

 

[jpd]

Use the exchange rate from a reputable source and you will be ok

The Revenue publish exchanges rates on their website, so you could use those - they can hardly argue with you then.

 

[Smarff]

Thanks JPD!

 

[Paul O Mahoney]

Use the exchange rate from a reputable source and you will be ok

The Revenue publish exchanges rates on their website, so you could use those - they can hardly argue with you then.

I use the actual rate as per receipt if we transfer to euro that rate, if dividends sit on US account and they do in general as they pay for university fees, I use Bloomberg.
I use the rate per payroll when RSUs vest and actual rate if shares are sold.

Never have had an issue, but I didn't know Revenue has published rates must check those out.