HMRC Exchange Rates

August 15, 2012  |  

HMRC Set rates of exchage

 

HM Revenue & Customs set monthly and weekly exchange rates for use when calculating import duty & VAT on shipments arriving into the UK. If your supplier is invoicing you in local currency of origin (i.e US Dollars, EURO’s, Hong Kong Dollars etc) then the HMRC exchange rate will be applied.

This is very important because it could differ from the current exchange rate available on that day at a currency house, bank or via any website.

To follow the current monthly set exchanges rates you can below;

Click here

You can also view historical rates here.

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