Invoicing in Euros

[Zen.]

I currently use Quickbooks and need to invoice a client in Euros, I understand from phoning HMRC I do not include VAT on these invoices, but I have a couple of points I'm unclear on if anyone can point me in the right direction it would be very helpful.

I think I have to use the spot rate at the time of invoicing and show sterling on the invoice, then any difference on the actually exchange rate needs to be entered as either an income or expense in Quickbooks... is that correct? Is the best way just to detail the Euro amount due in the description?

When it comes to submitting my VAT return online, do I not have to included the income from these invoices? I use the flat rate scheme if that makes a difference.

[Marcellus]

Not sure if it's the same but I often sell in Sterling and am a Euro company.

I was told by my (French) accountant to raise a proforma invoice for the client to pay and then raise a correct invoice in Euros in teh usual way using a rate which is justifyable..

[DonnyMac]

Zen. said:

I do not include VAT on these invoices.

This is for 'Electronic Services -