Average Exchange Rate for Hacienda 2014
#1
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Average Exchange Rate for Hacienda 2014
Can anyone confirm what the average exchange rate is for 2014. I´ve seen 1.2613 but would like to check.
Many thanks.
Many thanks.
#2
Re: Average Exchange Rate for Hacienda 2014
I will use 1.2405 which was the average for the year.
Personally, where payments are made direct into my Spanish bank in Euros, I declare the actual amounts received throughout the year.
Personally, where payments are made direct into my Spanish bank in Euros, I declare the actual amounts received throughout the year.
#3
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Re: Average Exchange Rate for Hacienda 2014
Thanks Fred. Mine are paid into a UK bank so I have to use exchange rate after adding the totals.
#4
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Re: Average Exchange Rate for Hacienda 2014
You have to use the official rates published on the 31st of December of the year you're interested in by the Banco de España in the section "III. Otras disposiciones" in the Boletín Oficial del Estado. If your return is later questioned and you didn't then that'll be a reason for a fine.
Note: It's not an average, it's the rate on the day of publication.
Here's a direct link for 2014...
http://www.boe.es/boe/dias/2014/12/3...2014-13718.pdf
And here's some more info in Spanish...
Guía para declarar las rentas e inmuebles en el extranjero | Economía | Cinco Días
Note: It's not an average, it's the rate on the day of publication.
Here's a direct link for 2014...
http://www.boe.es/boe/dias/2014/12/3...2014-13718.pdf
And here's some more info in Spanish...
Guía para declarar las rentas e inmuebles en el extranjero | Economía | Cinco Días
Last edited by DLC; Apr 14th 2015 at 9:42 am.
#5
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Re: Average Exchange Rate for Hacienda 2014
I´m asking about Resident Income Tax not rentas so the second doesn´t apply to me. Thank you.
#6
Re: Average Exchange Rate for Hacienda 2014
This has nothing to do with income tax. As I said, either use the actual rates at the time of receipt, or an average for the year.
#7
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Re: Average Exchange Rate for Hacienda 2014
Our income comes from differing sources at differing times be they UK or France. In France an average is used at the 31st of December by the Banque de France. So Fred is quite right as to an average.
Otherwise I would be dealing with hundreds of receipts throughout the year.
Now fully in the system and arrived at the beginning of March this year. Presume tax due sometime in 2016?
Otherwise I would be dealing with hundreds of receipts throughout the year.
Now fully in the system and arrived at the beginning of March this year. Presume tax due sometime in 2016?
#8
Re: Average Exchange Rate for Hacienda 2014
With major fluctuations in the exchange rate over the year using an average figure is only accurate if you have a steady monthly income.
If that works out to your disadvantage, you can always use the average.
#9
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Re: Average Exchange Rate for Hacienda 2014
thanks Fred