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Tax return in Euros

Posted by djw090 PM | on Thu, 02/02/2012 - 17:12  457  2 comments | report

Accounts can be filed at companies house in Euros but will HMRC accept the tax comp and tax return in Euros as well or do you have to convert the profit into sterling for the comp?

If they do accept euro returns will the on line system take them or do they have to be done as a paper return?

 

Comments
carnmores's picture

no

carnmores | Thu, 02/02/2012 - 20:24 | Permalink

no you have to covert to stg and then take a view at the exchange differences arising

thisistibi's picture

?

thisistibi | Fri, 03/02/2012 - 13:53 | Permalink

Provided certain conditions are met, you can prepare most of the computation in Euros and then convert the taxable profits into Sterling at the relevant exchange rate.  The CT600 would need to be completed in Sterling equivalent.