2011

  • foreign exchange rates - Reverse charge on imported services


    The rates of exchange to be used to convert claims into sterling for the purposes of the imported service charge are as follows:

    Month  US $  CAN $ EURO  AUS $  J Yen  SA Rand Swiss F 
    October 2011 1.61  1.60 1.16 1.52 125.86 12.75  1.41 
    November 2011  1.57  1.60  1.17  1.53  122.10 12.74  1.43 
    December 2011  1.55 1.58  1.20  1.52  119.57  12.55  1.45 

  • foreign exchange rates - Reverse charge on imported services


    The rates of exchange to be used to convert claims into sterling for the purposes of the imported service charge are as follows:

    Month  US $  CAN $ EURO  AUS $  J Yen  SA Rand Swiss F 
    July 2011 1.64  1.57 1.14 1.49 126.71 11.02  1.29 
    August 2011  1.63  1.59  1.13  1.52  124.51 11.40  1.31 
    September 2011  1.56 1.62  1.16  1.60  120.08  12.52  1.42 

  • foreign exchange rates - Reverse charge on imported services


    The rates of exchange to be used to convert claims into sterling for the purposes of the imported service charge are as follows:

    Month  US $  CAN $ EURO  AUS $  J Yen  SA Rand Swiss F 
    April 2011 1.67  1.58 1.12 1.52 135.34 10.99  1.45 
    May 2011  1.65  1.59  1.15  1.54  133.72  11.24  1.40 
    June 2011  1.61  1.55  1.11  1.50  129.66  10.88  1.35 

  • foreign exchange rates - Reverse charge on imported services


    The rates of exchange to be used to convert claims into sterling for the purposes of the imported service charge are as follows:

    Month  US $  CAN $ EURO  AUS $  J Yen  SA Rand Swiss F 
    January 2011 1.60  1.60 1.17 1.61 131.23 11.50  1.51 
    February 2011  1.63  1.59  1.18  1.60  133.26  11.29  1.51 
    March 2011  1.60  1.56  1.13  1.55  132.85  10.84  1.47 

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foreign exchange rates 2010 & 2009 to 2004 

For previous years exchange rates please use the link below:

Exchange rates for Lloyds VAT purposes 


VAT incurred on claims and services supplied within the UK
 

Syndicates and managing agents can only recover UK VAT if it is incurred in relation to a supply made to a policyholder who belongs outside the European Union (EU).  Managing agents and syndicates are reminded to ensure that Box 20 of the LCCF is completed correctly.

If you have any queries regarding Lloyd's VAT arrangements premium please contact Sarah-Jane Stoddart of Lloyd's Taxation Department on +44 (0)20 7327 6856.