UK company using Euro

[JKL]

Hello

My company is based in the UK and sells mainly online to customers all over the world, a lot of the buying and selling we do tends to happen mainly within Europe. With the constantly dropping value of the Pound we has seen our expenses rise drastically over the past 18 months and we really want to stabalize this without constant price rises. So my question is this, is it allowed for a UK company, based in the UK, to sets the prices of their products in Euros rather than GBP with them being sold to customers within the UK, Europe and the rest of the world? ie can the default currency of our webstore be € for everyone?

Any help is appreciated, thanks.

 

[Mr D]

Do your uk customers want constantly changing GBP prices?
Which currency does the majority of your business take place in?

 

[Scalloway]

You can use any currency you want as long as the statutory stuff is translated to GBP>

 

[JKL]

Thank you, by Statutory stuff do you mean VAT returns and end of year tax returns?

 

[Scalloway]

There is information here on VAT and foreign currencies.

https://www.gov.uk/guidance/foreign-currency-transactions-vat-and-tour-operators

 

[Bainzee]

you can quote in whichever currency you want. Have you thought of settling in the currency you wan to accept? lets say your accepting EUR, settle in EUR and thus saving you on the conversion/exchange. same would apply for other currencies. do like for like