uk webmasters - tax questions - GoFuckYourself.com

marktruman · 12-02-2010, 06:08 PM

When you guys submit your tax returns with invoices. How do you show the pound amount when invoice is billed in dollars? Do you just write it on invoice?

fatfoo · 12-02-2010, 08:36 PM

I suppose foreign exchange rates and calculations should be shown. See foreign exchange rates here: http://www.x-rates.com/.

woj · 12-02-2010, 08:57 PM

You just use whatever you actually paid in GBP? But yea, make a note on the invoice...

roly · 12-03-2010, 02:36 AM

yeah just write the sterling amount on the invoice, they can check your bank account if they need to confirm it.

marktruman · 12-03-2010, 07:09 AM

Quote:

Originally Posted by roly

yeah just write the sterling amount on the invoice, they can check your bank account if they need to confirm it.

not sure IR can check your bank at will, I think they need to make a tax investigation against you for that

Paul Markham · 12-03-2010, 07:17 AM

Quote:

Originally Posted by marktruman

not sure IR can check your bank at will, I think they need to make a tax investigation against you for that

I think they can. Starting a tax investigation is easy for them. You will have to submit your bank statements anyway.

You really should be asking an accountant these questions.

u-Bob · 12-03-2010, 07:18 AM

Not in the UK, but in the EU.

When I send an invoice in USD, I mention everything in USD except for the VAT amount. I mention that in USD and in EUR.

Phoenix · 12-03-2010, 07:56 AM

i just let me accountant deal with the dollar differences.

sometimes you can get a break that way

12-03-2010, 08:03 AM

on my incomings balance sheet it shows the currency i was paid in e.g USD the converion rate for that transaction and the total amount i recieved in GBP

I do it via paypal so the conversion rate is given to me there and then.

marktruman · 12-03-2010, 10:17 AM

Quote:

Originally Posted by Paul Markham

I think they can. Starting a tax investigation is easy for them. You will have to submit your bank statements anyway.

You really should be asking an accountant these questions.

In the uk, we do not have to submit our bank statements. Just invoices

12-03-2010, 10:35 AM

Quote:

Originally Posted by marktruman

In the uk, we do not have to submit our bank statements. Just invoices

I've never had to submit those. . . i have excel docs with everything in but theyve never been required. . .

12-02-2010, 06:08 PM	#1
marktruman Confirmed User Industry Role: Join Date: Aug 2004 Location: Europe Posts: 1,025	uk webmasters - tax questions When you guys submit your tax returns with invoices. How do you show the pound amount when invoice is billed in dollars? Do you just write it on invoice?

12-02-2010, 08:36 PM	#2
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	I suppose foreign exchange rates and calculations should be shown. See foreign exchange rates here: http://www.x-rates.com/. __________________ Send me an email: [email protected]

12-02-2010, 08:57 PM	#3
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	You just use whatever you actually paid in GBP? But yea, make a note on the invoice... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

12-03-2010, 07:56 AM	#8
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,457	i just let me accountant deal with the dollar differences. sometimes you can get a break that way __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

12-03-2010, 02:36 AM	#4
roly Confirmed User Join Date: Aug 2002 Posts: 1,844	yeah just write the sterling amount on the invoice, they can check your bank account if they need to confirm it.

12-03-2010, 07:18 AM	#7
u-Bob there's no $$$ in porn Industry Role: Join Date: Jul 2005 Location: icq: 195./568.-230 (btw: not getting offline msgs) Posts: 33,063	Not in the UK, but in the EU. When I send an invoice in USD, I mention everything in USD except for the VAT amount. I mention that in USD and in EUR.

12-03-2010, 08:03 AM	#9
Altwebdesign Guest Posts: n/a	on my incomings balance sheet it shows the currency i was paid in e.g USD the converion rate for that transaction and the total amount i recieved in GBP I do it via paypal so the conversion rate is given to me there and then.