Revenue eBrief No. 082/23

27 March 2023

The treatment of certain gains and losses on Foreign Currencies for corporation tax purposes

Tax and Duty Manual Part 04-05-01, which sets out the treatment of certain gains and losses on Foreign Currencies for corporation tax purposes, has been updated to reflect amendments introduced by Finance Act 2022 to the definition of a "relevant monetary item".

It also incorporates information previously set out in:

  • Part 04-05-01a: Section 79A Matching of relevant Foreign Currency Assets with Foreign Currency Liabilities.
  • Part 04-05-01b: Section 79B Matching of Foreign Currency assets with certain Foreign Currency Share Capital.