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Contracting in the UK from Ireland

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    #11
    In that situation couldn't you open a Sterling account with your bank or one of their group partner banks?

    You can then pick and choose when to transfer money to your Euro account and do it in big lumps which should allow some rate and fee negotiation and not face getting your pocket picked every time you use the ATM.

    That being said the ATM and exchange fees would seem to me to be valid business costs and therefore tax deductible.

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      #12
      As I said ".. the money never seems to be in the right account.."
      In my case have had to deal in three currencies .... GBP / Eur / $
      Even with accounts in the respective countries, it's not rocket science but messy at best.
      Exchange losses are a legit expense, therefore, deductible.
      The trick is to a) keep track of it all, and b) to figure out where to take the losses.

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