I have the same issue and posted a while ago to see if anyone could tell me where these transactions need to be reported as I couldn’t find anything in the CT600 or the guide. I have also posted on the HMRC community forums. No-one has been able to tell me where the transactions need to be reported and someone from HMRC stated:
You have asked where you report the transactions. As the transactions relate to the companies trading and therefore its sales and purchases, they are treated as such and form part (or all) of its sales and expenses in company’s profit and loss accounts.
They are not specifically itemised or declared separately elsewhere.
but they then went on to say that I would need to use commercial software. No-one has been able to tell me how I would report differently using this commercial software, so how I am supposed to find out which is a suitable one.
I am also very sceptical about this since I really don’t believe that there are many businesses which don’t have some sort of foreign transactions even if it is just the purchase of the occasional item from a certain online auction site in USD/EUR for example.
As far as I am concerned, so long as I pay the correct amount of Corporation Tax and report correct figures to Companies House for the public record, nothing else really matters.
Anyone else have any more thoughts on this? Thanks