Good Morning Everyone.
During the 2015/16 tax year i was an Irish Tax payer, living in the UK.
A few weeks ago i obtained a rebate from the Irish Tax Revenue for a sizable amount in euros €.
I want to amend my 2015/16 UK tax return to reflect this.
My Question is regarding exchange rate, the rebate was for tax paid in 2015/16 thus can i use the exchange rate for this time or do i have to use the exchange rate at the time the rebate was paid to me (i.e Last week).
I hope to be able to use a 2015/16 average as this results in me keeping more of my rebate! However i have fallen foul of HMRC before and don't want to be investigated again!
Tom
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