Purchasing in foreign currencies
Converting purchases or sales into sterling for VAT purposes.
You can use whatever currency you want when you buy goods and services. However, any purchases or sales that were not made in sterling must be converted into sterling for VAT purposes.
You must carry out this conversion when you record the transaction in your VAT accounts, so that your VAT accounts show the transaction in sterling.
Read more about how you convert foreign currency transactions into sterling.
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