I am a self-employed sole trader, freelance writer to be more precise. I have some clients oversees whom I invoice in currencies other than pound, for example US dollars. How do I make sure to keep accurate records for this kind of earnings? I.e. how do I prove to HMRC that the invoice in dollars reffers to the same transaction as the incoming bank transfer that shows up in pounds on my bank account? Do I need to keep any extra records, like currency exchange rates from particular days?
I will be grateful for your help. Thank you.
This message was edited 1 time. Last update was at 28/11/2017 12:40:04