Foreign Purchases

Diddy Mau

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.

Gem7321

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).