+1. It is a major weakness in not being able to prepare the CT comp in the currency of the accounts. It is all very well where the assignment is a tax-only one, but where accounts are prepared in CCH AP it is a significant disadvantage in not being able to pull through the accounts. This is an issue that needs to be escalated.

Our previous software allowed us to enter the HMRC exchange rate and it would convert the Euro accounts P&L into GBP for the corporation tax return purposes. Can there be a similar option in CCH to avoid manually calculating?

This is becoming an issue for a number of our clients as well. CCH CT must have the ability to auto-convert the foreign currency to GBP. Or even to be able to prepare the comp in the foreign currency initially (and mark it up in the comp as a foreign currency) and then convert the final PCTCT to GBP if this is feasible.

We too have a number of clients who prepare financial statements in a non-GBP currency. Translating the trading results and adjustments into GBP for the purposes of the CT return is an impractical and time consuming solution. Further complexity is added where the financial statements do not tie back to the adjustments in the tax computation. Accordingly, being able to present the transactions in their relevant currency would be very helpful from our point of view.