Re: Euro payment in sterling
- From: davidof <david.george@xxxxxxxxxxxxxxxxxxxxxx>
- Date: Thu, 25 Aug 2005 00:12:00 +0200
futureofcons wrote:
Hi,
I was wondering how a contractor who invoices in Euros will get paid in
UK but in Euros I presume to ensure correct payment, there will have to
be a methodology for translating the figures from Euros to Sterling so that -The PAYE has to be made in £s (I guess) -The year end P60 stuff then has be reported in £s
What will be the methodology be any suggestions?
I don't quite understand your post as there is a fullstop missing somewhere. I assume you are keeping your money in Euros and never transferring to Sterling? PAYE can be paid in Euros.
http://www.hmrc.gov.uk/euro/faqs_taxnic.htm
http://www.hmrc.gov.uk/euro/faqs_lgbus.htm#3a .
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