Pont Noir

Live Life in Creuse

Post Reply
exchange rate for tax forms 2014
by dissid32 • Wed 13 May 2015 11:54
Can anyone tell me the exchange rate £ to € to be used this year, ie for 2014 tax year?

Thanks
Patrick
User avatar
dissid32
204
Feb 2006
Re: exchange rate for tax forms 2014
by RobertArthur • Thu 14 May 2015 09:59
Patrick, 0.8061 euro for one pound. See also this article in Lemonde, where you'll find this text:

Retraite de l’étranger. « Une partie de mes revenus provient de ma retraite au Royaume-Uni. Quel taux de change pour la conversion en euros dois-je appliquer, le taux de la livre ayant beaucoup changé en 2014. Dans quelle case je dois mettre le total de mes pensions touchées à l’étranger ? »
Les revenus encaissés hors de la zone euro doivent être déclarés pour leur contre-valeur en euros, calculée d’après le cours du change de ces monnaies à Paris au jour de l’encaissement, ou de l’inscription au crédit d’un compte à l’étranger.
Toutefois, à titre de règle pratique, il est admis que les revenus encaissés au titre d’une année soient convertis sur la base du cours moyen annuel en euros de la devise considérée, déterminée à partir des taux de change au 1er janvier et communiqués par la Banque de France (0,8061 euro pour une livre sterling). Vous pouvez retenir la règle qui vous est la plus favorable.


Two possibilities: the year rate or the daily exchange rate. See also the monthly data as published by the Banque de France and get your calculator. Homework time again.


Robert
User avatar
RobertArthur
326
Mar 2009
Re: exchange rate for tax forms 2014
by dissid32 • Thu 14 May 2015 10:26
Thanks very much, Robert.
Patrick
User avatar
dissid32
204
Feb 2006
Re: exchange rate for tax forms 2014
by RobertArthur • Thu 14 May 2015 11:49
Let's go to Frankfurt, the ECB, this time to make life easier for currency exchange exercises. Change the "From" date into 01-01-2014 and the "to"date into 31-12-2014. Use the cursor to get a very official exchange rate for every day in 2014. If you received your genuine pound sterling - more than one I do hope - the 18th of March (rate = 0.8383) it might be advisable to use the annual rate of 0.8061 instead.
User avatar
RobertArthur
326
Mar 2009
Re: exchange rate for tax forms 2014
by dissid32 • Thu 14 May 2015 17:46
Don't confuse me, Robert. I'm a bear of little brain. Actually, I did try adding up the monthly rates, as per Banque de France, and dividing by twelve, and came up with a figure of 0.8031. Either my adding is no good, or the difference is in the days per month. Or something? Anyway, it doesn't make much difference to the small amount of money it relates to, but it was interesting to note the fall of the euro against the pound. Good for me at the moment, but if I sell my house and go back to the UK, it won't be good.
Thanks again for your help.
Patrick
User avatar
dissid32
204
Feb 2006
Re: exchange rate for tax forms 2014
by RobertArthur • Thu 14 May 2015 23:12
Perhaps they are going to ask me to leave the country, but there are higher financial authorities than the Banque de France. The ECB stats also mention an average of 0.8061 for the year 2014:

" Change from 1 January 2014 to 31 December 2014
Minimum (30 September 2014): 0.77730 - Maximum (18 March 2014): 0.83830 - Average: 0.80612 "

Perhaps the boys and girls of the European Central Bank count every day as you already suppose because there is still some inequality among the months of the year: some are richer in days than others. From the viewpoint of the Egalité as we can see on every Mairie here there is still some work to do to end this injustice. A retry for the French Republican Calendar?

Even more homework: adding all daily exchange rates and dividing them by 365 to verify or falsify the underlying logics of the ECB counting methods. But for the moment I prefer to listen to Sam Cooke: Don't know much about algebra. Don't know what a slide rule is for.
User avatar
RobertArthur
326
Mar 2009
Re: exchange rate for tax forms 2014
by dissid32 • Fri 15 May 2015 15:04
Slide rule!!! What's that? Enjoy the Sam Cooke.
Patrick
User avatar
dissid32
204
Feb 2006
Re: exchange rate for tax forms 2014
by dissid32 • Fri 15 May 2015 21:43
Only kidding! Used to use one a lot.
Patrick
User avatar
dissid32
204
Feb 2006
Display topics from previous: Sort by
Your Permissions
  • You cannot post new topics in this forum
  • You cannot reply to topics in this forum
  • You cannot edit your posts in this forum
  • You cannot delete your posts in this forum
  • You cannot post attachments in this forum
Who is online

Users browsing this forum: No registered users and 1 guest

cron