Quarterly Foreign Exchange Rates for VAT 2020
Tax Information
Tax InformationForeign 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 $ | EUR | AUS $ | J Yen | SA Rand | Swiss F |
| January 2020 | 1.31 | 1.71 | 1.18 | 1.90 | 142.80 | 18.81 | 1.27 |
| February 2020 | 1.32 | 1.74 | 1.19 | 1.97 | 142.90 | 19.77 | 1.19 |
| March 2020 | 1.24 | 1.73 | 1.12 | 1.99 | 133.60 | 20.61 | 1.19 |
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 $ | EUR | AUS $ | J Yen | SA Rand | Swiss F |
| April 2020 | 1.24 | 1.74 | 1.14 | 1.97 | 133.80 | 23.02 | 1.20 |
| May 2020 | 1.23 | 1.72 | 1.13 | 1.89 | 131.80 | 22.40 | 1.19 |
| June 2020 | 1.25 | 1.70 | 1.11 | 1.82 | 134.60 | 21.47 | 1.19 |
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 $ | EUR | AUS $ | J Yen | SA Rand | Swiss F |
| July 2020 | 1.27 | 1.71 | 1.11 | 1.80 | 135.20 | 22.24 | 1.18 |
| August 2020 | 1.31 | 1.74 | 1.11 | 1.82 | 139.20 | 22.60 | 1.20 |
| September 2020 | 1.30 | 1.71 | 1.10 | 1.79 | 136.80 | 21.64 | 1.19 |
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 $ | EUR | AUS $ | J Yen | SA Rand | Swiss F |
| October 2020 | 1.3 | 1.72 | 1.10 | 1.82 | 136.60 | 21.31 | 1.18 |
| November 2020 | 1.32 | 1.73 | 1.12 | 1.81 | 137.70 | 20.52 | 1.20 |
| December 2020 | 1.34 | 1.72 | 1.10 | 1.78 | 139.40 | 19.98 | 1.19 |