- Original Poster
- #1
So I'm receiving all my client payments to my Revolut Business account in USD... For the last couple of years I exchanged my director salary to GBP first then reported it through the Basic Paye Tools RTI.
Since I now live abroad I lose some $$$ every month on double conversion, first USD -> GBP so that I can pay myself and report it through Basic PAYE, then GBP -> my current country's currency.
My LTD is a micro business and I don't want to purchase any premium tools that support multi currency, can I just pay myself in USD and report the GBP equivalent through Basic PAYE Tools (with a current market exchange rate)?
Since I now live abroad I lose some $$$ every month on double conversion, first USD -> GBP so that I can pay myself and report it through Basic PAYE, then GBP -> my current country's currency.
My LTD is a micro business and I don't want to purchase any premium tools that support multi currency, can I just pay myself in USD and report the GBP equivalent through Basic PAYE Tools (with a current market exchange rate)?
