{
  "url": "https://openlegislation.uk/finance-act-2026/schedule-8/paragraph-35",
  "json_url": "https://openlegislation.uk/finance-act-2026/schedule-8/paragraph-35.json",
  "legislation": "ukpga/2026/11",
  "legislation_title": "Finance Act 2026",
  "legislation_url": "https://openlegislation.uk/finance-act-2026",
  "path": "schedule/8/paragraph/35",
  "kind": "paragraph",
  "number": "35",
  "heading": "Domestic top-up tax: exchange rates",
  "text": "In section 270 (domestic top-up tax: amount charged), at the end insert—\n“(4) The exchange rate to be used for a conversion to sterling required by Step 2 in subsection (A1) or Step 3 in subsection (1) is—\n(a) the average exchange rate published by the European Central Bank for the accounting period in question;\n(b) where no such rate is published by the European Central Bank, the average exchange rate published by the Bank of England for the accounting period in question;\n(c) where no such rate is published by either the European Central Bank or the Bank of England, such rate as appears, on a just and reasonable basis, to reflect the average exchange rate for the accounting period in question.”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/11/schedule/8/paragraph/35",
    "retrieved_at": "2026-10-29T08:42:24.914774+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}