I have a client in the US, I got my rate set in £. He sometimes makes payments in $ based on the current exchange rate and this is in the contract as allowed... anyway for one payment he sent a cheque instead of electronic payment. Abbey are claiming it can take a few weeks to clear... when he wrote the cheque the £ was worth about $1.9, if it cleared at current rates I'd end up with £500 more than I billed for.
What should I do? How can I make my books balance? Do I need to make my income match what I bill or is the tax=man not bothered?
What should I do? How can I make my books balance? Do I need to make my income match what I bill or is the tax=man not bothered?
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