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Which Exchange Rate Should You Use for Foreign Income on a UK Tax Return?
Foreign income and gains are reported to HMRC in sterling, but there is no single compulsory rate. Here is which…
7–10 minutes -
How to Pay a Currency Broker From Your UK Bank
To pay a currency broker from your UK bank, send sterling by Faster Payments or CHAPS to the broker’s safeguarded…
10–15 minutes -
Can You Negotiate a Better Exchange Rate on a Large Transfer?
You cannot haggle over an exchange rate the way you would negotiate a price, but larger transfers do attract sharper…
9–14 minutes -
OUR, BEN and SHA: Who Pays the Fees on an International Transfer?
OUR, BEN and SHA are the SWIFT charge options that decide who pays intermediary bank fees on an international transfer…
7–11 minutes -
Should You Transfer a Large Sum Abroad All at Once or in Stages?
A UK guide to timing a large currency transfer: single spot deals, phased transfers, forward contracts and market orders, with…
9–13 minutes
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