Calculations help

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Joody1

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I am doing a tax return for a friend and would like some help with calculation please.

My friend has earned 1,892.25 in interest for year 2009/10 the revenue rate for there are two spot rates for euro for 2009 are below:

Spot rate on 31.03.10 - (Euro 0.89198 = Sterling 1.1211) and 31.03.10 (euro 0.88511 = sterling 1.1298)this is up to 5 April 2010.

Spot rate on 31.12.09 -(Euro 0.88849 = Sterling 1.1255) and 31.12.09 (euro 0.89008 = sterling 1.1235)
Spot rate on 31.03.09 -(Euro 0.92627 = Sterling 1.0796) and 31.03.09 (euro 0.83043 = sterling 1.2042)

http://www.hmrc.gov.uk/exrate/european-union.htm

Got this link on this board for which I am grateful as I am hopless with maths and do not know how to work it out. Please help.
 
I'm guessing here as I don't know the HMRC rules for converting Irish deposit interest to a Sterling equivalent [e.g. should it be the gross Irish interest or the net Irish interest?] but on the basis of the link you supplied, it seems that you could multiply the Irish deposit interest by the average value for the year to 31-3-2010 to get a Sterling equivalent==> €1892.25 x 0.88511 = £1674.85.
 
deadlyduck said:
I'm guessing here as I don't know the HMRC rules for converting Irish deposit interest to a Sterling equivalent [e.g. should it be the gross Irish interest or the net Irish interest?] but on the basis of the link you supplied, it seems that you could multiply the Irish deposit interest by the average value for the year to 31-3-2010 to get a Sterling equivalent==> €1892.25 x 0.88511 = £1674.85.
Click to expand...

Many thanks for your help,. You gussed correctly and also I am not good with maths, which makes it more difficult. I did have a some knowledge of spreadsheet last year, but I have forgotten most of it that is what age does cannot retain information for long. LOL
 
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