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Do you/will you issue invoices in euro?
Euro-denominated invoices from UK-based organisations for the supply
of goods and/or services within the UK must additionally show the
total invoice amount and the VAT amount in sterling. |
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Do you/will you receive euro payments?
UK businesses can pay taxes, including VAT and customs and excise
duties, to the Inland Revenue and Customs and Excise in euro. There
is no extra charge to do this but the business is liable for any currency
movements between the time the tax is sent and credited. |
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VAT and duty accounts must be kept
in sterling. |
For further advice on this issue:
Speak to your local tax office.
Visit: www.hmce.gov.uk
or www.ir.gov.uk
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