Can i invoice in euros to a uk company

I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. Reply With Quote. Comment Post Cancel. Prof Cunning Oxford Uni. WTFH has reached the peak. Play again? Pretty much what Simon says. You get paid in Euro and then you put Euro into your business bank account.

The first time exchange rates get involved is when the money hits your account. I just used my business account to convert might not have been the absolute best, but it was zero hassle for me. Ok thanks that sounds a lot easier. Does the VAT return happen in Euro then as well? My accountant has just confirmed everything said here Fingers like lightning. ASB has more data than eek. If you are concerned about xchange ratr movements you could enter a currency hedge to ensure the gbp value of the euros is maintained at todays rate.

Make sure that you convert both individual prices for specific items and invoice lines, as well as the total amount due. If you charge tax, it can be helpful to have the amount of tax due in the converted currency but — as previously mentioned — you may also need to show tax in your local currency. The customer pays two weeks later, but between issuing the invoice and receiving payment, the exchange rate has changed. The exact way of handling an exchange gain or loss depends on whether the exchange rate has increased or decreased, and whether the gain is realised or unrealised.

If you find you do not receive the full payment on an invoice due to fluctuating exchange rates, the outstanding balance should be recorded as an expense. If you are a UK business that operates internationally, it may be necessary to create invoices in foreign currencies. Whilst B2B sales may often operate across currencies, B2C sales may benefit from converting prices into your customer's local currency.

It may improve your communication with your customer, reassure them about the price they are paying, and demonstrate that your business is customer-focused. Generally, converting your prices into a foreign currency can make it easier for customers to understand and assess your prices. This is especially true when a customer requests a quote. By quoting your customer in their local currency, your prices will immediately make sense to them and they will be able to compare your quote with competitors.

If you choose to quote your customer in their local currency and it is accepted, it is expected that the invoice will also be given that currency. Cookies on GOV. UK We use some essential cookies to make this website work. Accept additional cookies Reject additional cookies View cookies. Hide this message. Home VAT. Guidance Transactions in foreign currencies and VAT. Print this page. Overview You can buy goods and services in the currency of your choice. Invoicing in foreign currencies You can invoice in any currency for the goods and services that you supply.

If UK VAT is due on the transaction your invoices must also show the following in sterling: the total net value of goods and services at each VAT rate the amount of VAT, if any, at each rate You do not need to show sterling figures for each line on the invoice. Advance invoicing If you issue invoices before you actually supply the goods or services, the date of supply will be in the future.

How you convert foreign currency transactions into sterling There are 2 standard ways to convert your foreign currency transactions into sterling for VAT purposes. You can use the: UK market selling rate at the time of the supply. The rates published in national newspapers are acceptable.