Foreign Purchases
Diddy Mau
Registered Posts: 236 Beyond epic contributor 🧙♂️
Hello all,
I have a strange question, that I hope someone could help me with.
is there any tax implications to purchasing international flights and accommodation in another currency apart from pounds sterling.
The company I work for works all over visiting different companies, and we charge in their local currency.
therefore we have accumulated more foreign currency. The rates are no goo to sell.
I have a strange question, that I hope someone could help me with.
is there any tax implications to purchasing international flights and accommodation in another currency apart from pounds sterling.
The company I work for works all over visiting different companies, and we charge in their local currency.
therefore we have accumulated more foreign currency. The rates are no goo to sell.
0
Comments
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As far as I know only Corporation Tax on the exchange gain/loss as at year end (not including any VAT obligations for trading internationally).0
