HMRC have updated their guidance HMRC yearly average and spot rates.
The spot rates on 31 December 2022 have been added.
Traders, business and trade organisations should use these exchanges rates to convert any foreign currency to sterling for customs and VAT purposes.
Related content from Claritax Books
Value Added Tax, written by Ciaran McGee MA (Oxon), FCA, CTA, is an extensive volume (over 1,000 pages), written primarily for non-VAT specialist accountants and tax advisers.
