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Posted Wed, 07 Feb 2024 10:31:42 GMT by
At what exchange rate should I convert a domestic invoice issued in the UK? Invoice issued in USD with VAT included. Is it possible to convert VAT at the exchange rate from the European Central Bank (ECB)?
Posted Fri, 09 Feb 2024 09:03:30 GMT by Jay Cooke
See here for VAT https://www.gov.uk/guidance/foreign-currency-transactions-vat-and-tour-operators See here for general accounting purposes https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim39510
Posted Fri, 16 Feb 2024 11:48:04 GMT by HMRC Admin 20 Response
Hi DOROTA1972,
Please see section 7.6 of the following guidance :
VAT guide (VAT Notice 700) 7. Introduction to output tax
Thank you.
 

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