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Official GBP - € Exchange rate 2017

Official GBP - € Exchange rate 2017

Old Feb 22nd 2018, 12:18 pm
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Default Official GBP - € Exchange rate 2017

Does anyone know the official GBP - € exchange rate at 31 December 2017 for Spanish tax return purposes, please?
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Old Feb 22nd 2018, 1:39 pm
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Default Re: Official GBP - € Exchange rate 2017

Originally Posted by stevesainty View Post
Does anyone know the official GBP - € exchange rate at 31 December 2017 for Spanish tax return purposes, please?
If you want to be precise you should use the rates published by the Banco de España. They publish in english.

https://www.bde.es/webbde/en/estadis...pos/tipos.html
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Old Feb 22nd 2018, 3:19 pm
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Default Re: Official GBP - € Exchange rate 2017

If you are talking about income tax, the rate at the end of the year is irrelevant, you use the average rate for the year which is 1.413.


The year end rate is used for asset declaration on form 720 and it was 1.127
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Old Feb 22nd 2018, 3:23 pm
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Default Re: Official GBP - € Exchange rate 2017

Originally Posted by Fred James View Post
If you are talking about income tax, the rate at the end of the year is irrelevant, you use the average rate for the year which is 1.413.


The year end rate is used for asset declaration on form 720 and it was 1.127
Is that a "Typo" - more like 1.143 think in 2017
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Old Feb 22nd 2018, 3:24 pm
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Default Re: Official GBP - € Exchange rate 2017

Correct - my mistake - it should be 1.1413
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Old Feb 22nd 2018, 4:04 pm
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Default Re: Official GBP - € Exchange rate 2017

Thank you everyone, I am just gathering my figures together for my tax return later this year.
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