I have a UK pension deposited in a UK bank + a small interest which I declare for Irish tax purposes.
I am never sure what do for the exchange rate to Euros which is variable throughout the tax year.
Instead of converting to Euros each month, I usually take the average exchange rate at the end of the year.
Is this the correct way to do this?
I am never sure what do for the exchange rate to Euros which is variable throughout the tax year.
Instead of converting to Euros each month, I usually take the average exchange rate at the end of the year.
Is this the correct way to do this?
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