L
lynncc
Guest
I'm self-employed and receive a monthly cheque in U.S. dollars from an overseas client. I'm in the process of setting up a U.S. dollar account with my bank as I want to hold some of these dollars.
My question is, when it comes to self-assessment, do I use the exchange rate on the date the cheque is received -- or wait until the time I'm making the return? Just wondered whether anybody else has experience with this...
Thanks for any advice you can give.
My question is, when it comes to self-assessment, do I use the exchange rate on the date the cheque is received -- or wait until the time I'm making the return? Just wondered whether anybody else has experience with this...
Thanks for any advice you can give.