Andy

Hi there, I am originally from Canada, and recently moved to the UK permanently to work and live. Now that I'm settled in, I am looking into the possibility of doing freelance work as a Sole Trader with a client I used to work for in Canada. I have since closed my Canadian business and tax accounts in Canada, but would ideally like to continue working with this Canadian client if it's possible to do so. When it comes to getting paid by an international client, I'm wondering if it would be ideal for the client to pay me in GBP directly to my UK bank account and pay the conversions themselves, or would it be acceptable for them to pay me in CAD to a Canadian bank account and then I can transfer the funds (and pay any conversion) into my UK bank account? The only issue I foresee, is the final amount that will arrive in my UK bank account will be slightly less than the total amount on the original invoices because of conversion and global transfer costs. Would this discrepancy cause an issue in future tax filings or am I will I just need to claim the actual amount (after conversion) and not the original amount charged on the invoice? One last question: if the Canadian client prefers to pay me in CAD, as long as I convert and exchange the funds into GBP and add that amount to my year end totals, would that be an appropriate way of doing business with a Canadian client as a UK Sole Trader? This wouldn't be grounds for double taxation, would it? As I am now considered a non-resident of Canada for tax purposes since moving over to the UK. Thank you in advance for any help or insight you can provide!