Does anyone have experience of competing CH accounts in Euro.
My (prospective) client is late filing and spends a lot of time in Europe so I assume this is a more convenient currency for him. Scope to change (1 day)?
I currently use Taxfiler and believe they don't have a Eur option. HMRC want conversion to sterling (and copy of euro ) What do you use to produce the accounts? Iris can do it. Presumably VT and SAP can.
He also has fuel receipts from Euro which I am wondering should be £0.45 per mile rather than total claim. Not sure if he has a mileage record either! Consider BIK. DLA it - expensive lesson for a muppet who hasnt got his house in order. Tax planning - key is in the word - why do they never learn?
Would appreciate any thoughts. We are looking for more contributors - can you help with answers on other folks posts given your experience?
Thanks
Chris
ICAEW provide technical guidance. Do Cima?
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position