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June 9, 2020
Question

If I set up a new company in Quickbooks with home currency as Euros can I still report the VAT in sterling for the UK

  • June 9, 2020
  • 1 reply
  • 3 views
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1 reply

Level 14
June 9, 2020

Hello Cookie3, 

 

Welcome to the Community page, 

 

 

If you set up a new company in Quickbooks with the home currency as Euros, the VAT reports will be set in Euros as well,  you would have to convert the euros to pounds. If it is set to Euros, you will not be able to do it or change it to Pounds as it goes off the home currency.  So it cants be done, however, you can only submit the VAT if your home currency is set to Pounds anyways.