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.
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.