usd to gbp

Mon, 04 May 2026 20:07:31 +0000

We have purchased some goods from US based company and have been charged 20% VAT on this. The invoice is in US $. I dont believe we used to pay any VAT in We have a UK company who invoice in USD and charge 20% VAT GBP. How do Account payable process this as they are unable to process with two currencies. Functional currency USD & VAT MTD compliance Software to use or other solution One of my clients is switching their functional from GBP to USD from the start of next financial year. This is. They are moving from GBP to USD, they have substantial assets which are acquired in USD and then converted to GBP. When converting them back from GBP to USD at the BS date you get a very.