Exchange rate correction

Unfortunately we published an incorrect pound-euro exchange rate for 2009 on page 31 of our February edition.

The correct average rate for 2009 is £1 = EUR 1.12297 not EUR 1.2297 as printed. We apologise for the error.

The figure is taken from the yearly average of the daily average interbank rates between the two currencies.

Technically French law stipulates that the exchange rate used on tax forms must be the one on the day of transfer but, as this was drawn up at a time when people were not expected to have regular foreign income or to make regular automatic transactions, tax offices take a realistic approach and accept an average rate.

Connexion will be publishing more information in the paper ahead of income tax forms being sent out to households in April and will be updating our annual tax helpguide well in advance of the tax declaration deadlines in May.

Please forward any queries you may have on paying income tax in France to contact@connexionfrance.com

We will not publish your name should we decide to publish the question with an answer.

The Connexion