Self Billing Invoices

[FSM with Cheddar]

Has anyone gone through the year end process after using a self billing agency during the year?

In particular I’m interested to know what invoices you gave you accountant. I have been creating my own invoice to replicate the auto generated invoice from the agency; however I have just read that there are HMRC rules regarding self billing. Specifically it says that the company must not issue an invoice when one has already been created through the self billing system.

Technically I haven’t issued an invoice, as I have only created them for my own records, but should I get rid of all my invoices and just use the ones from the agency for my year end accounts?

[Pickle2]

Has anyone gone through the year end process after using a self billing agency during the year?

In particular I’m interested to know what invoices you gave you accountant. I have been creating my own invoice to replicate the auto generated invoice from the agency; however I have just read that there are HMRC rules regarding self billing. Specifically it says that the company must not issue an invoice when one has already been created through the self billing system.

Technically I haven’t issued an invoice, as I have only created them for my own records, but should I get rid of all my invoices and just use the ones from the agency for my year end accounts?

I just give the accountant the self billed ones. It has all the relevant info on, so why create extra paper? Think of the trees, man.

[PhilAtBFCA]

Self Billing

Hi FSM with Cheddar,

Either the self billing remittance advice notes or a statement with all invoices listed from the client should surfice.

Worst case scenario, a list in excel of the transactions and at least the last self billing remittance.

Hope thats helps

Phil

[FSM with Cheddar]

Cool, thanks for your answers.
I’ll just give the accountant a copy of all the self billing invoices, and remove my dummy ones.

Cheers

[tim123]

Why do people find self billing so hard?

All it is, is, instead of you generating an invoice, keeping one copy and sending the other to the agents. They genterate the invoice, keep one copy and send the other copy to the contractor.

tim

[BolshieBastard]

Why do people find self billing so hard?

All it is, is, instead of you generating an invoice, keeping one copy and sending the other to the agents. They genterate the invoice, keep one copy and send the other copy to the contractor.

tim

Exactly. It aint rocket science. I didnt even give my accountant copies of the self billing invoices. He can tell how much I recieved via the bank statement.

The only bit I had to clarify was for payments covering the year end period and he applied the relevant pro rata to that payment.