Tax returns » Payment received on paypal in USD currency » Go to message
Hello.
I received payment in 2016/2017 tax year to my paypal account from US company . Payment is still hold on paypal in USD currency and was not converted to GBP and transferred to my bank account in UK.
Do I have to pay tax on it for 2016/2017 or only when I decided to convert USD into GBP and transfer payment to bank account?