If you declare for tax in Spain and have income from a non Euro currency an important factor is what exchange rate to use. So far I have heard 3 versions being used by gestors for the pound:
1. 1 pound = 1.45 euros
2. Use exchange rate as at 31-12-07 around 1.36
3. Use exchange rate on the day declaracion - so if done today around 1.25
On an income of say 10,000 pounds that could vary your Euro income by 2000 euros and so you could pay more than 480 euros more in tax at 24%
Has anybody heard any other methods actually being used?