Self Billing invoices.

[cojak]

(and like any good newb, I've just asked my accountant - I'll let you know what she says.... )

[malvolio]

Which means that I don't have to correct my previous invoices.

The HMRC website is VERY clear on this point though Mal (not allowing duplicate tax points). You can bring money into your account via Sales rather than Invoice Receipt.

The Tax Point for the supply of continuing services is the one stated on the invoice. I make my invoices align to the one on the agency's RA/Invoice-R-Us. Using cash accounting helps, of course.

[No2politics]

Self Billing invoices.

SB is fully acknowledged by hmrc where the arrangements meet their criteria for such. Therefore, yes, a legitimate business may use it.
.

Ok if you are happy to have your payslips- sorry self billinginvoices generated for you in a regular weekly/monthly fashion carry on.

Do you serious think having your company logo on an invoice you raise carries more weight as far as hmrc are concerned as an SB recognised by them? Really!?
.

Not in isolation but as part of the overall picture, yes I do. Anything I can do to distinguish myself as a business, such as a website and business cards I will do. Every little helps.

[northernladuk]

Ok if you are happy to have your payslips- sorry self billinginvoices generated for you in a regular weekly/monthly fashion carry on.



Not in isolation but as part of the overall picture, yes I do. Anything I can do to distinguish myself as a business, such as a website and business cards I will do. Every little helps.

I have to say that is a very little thing indeed and would argue it's total use is zero. With the amount of automation and process optimization going on it would be nigh on impossible to use it as a case either way. It is just an easier method of doing business cheaper and faster. Waving an invoice around to try prove your a business is even beyond my level of cautiousness.

[BolshieBastard]

Ok if you are happy to have your payslips- sorry self billinginvoices generated for you in a regular weekly/monthly fashion carry on.

Why do you make them out to be payslips as if SB somehow means you're an employee!? Go take a look at hmrc's page about SB. You'll see they dont refer to 'payslips' in anyway shape or form.

Not in isolation but as part of the overall picture, yes I do. Anything I can do to distinguish myself as a business, such as a website and business cards I will do. Every little helps.

Again, before spouting BS, go take a look at hmrc's page about SB. SB is a clear distinction between an employee and 'payslips' and a business arrangement.

Other than that, very well done!

[SimonMac]

*BUMP*

So what was the general consensus of opinion (Cojak did your accountant get back to you)

The way I read, its OK to raise your own invoice for your records but don't send them to the agent, just reconcile yours and their remittance when they send you one?

[LisaContractorUmbrella]

*BUMP*

So what was the general consensus of opinion (Cojak did your accountant get back to you)

The way I read, its OK to raise your own invoice for your records but don't send them to the agent, just reconcile yours and their remittance when they send you one?

Yep that should cover it IMHO - that's what we do anyway

[cojak]

*BUMP*

So what was the general consensus of opinion (Cojak did your accountant get back to you)

The way I read, its OK to raise your own invoice for your records but don't send them to the agent, just reconcile yours and their remittance when they send you one?

Yep, that's what she told me raise but don't send then reconcile.

But I recon that using the Sales method is just as good.

[BolshieBastard]

*BUMP*

So what was the general consensus of opinion (Cojak did your accountant get back to you)

The way I read, its OK to raise your own invoice for your records but don't send them to the agent, just reconcile yours and their remittance when they send you one?

Yep that should cover it IMHO - that's what we do anyway

Im surprised you say that Lisa. AFAIA, creating an invoice irrespective of whether you send it or not, create a new tax point which not only muddies the water but, also contravenes the agreement between agency and hmrc regarding self billing?

Anyway, I dont bother. I really dont see the point of creating any other document. Every time I've been on SB, the invoice \ remittance \ self billing 'document' contains all the information required. Neither does creating your own invoice put you on a stronger footing for IR35 so, I just dont get it.

[malvolio]

Im surprised you say that Lisa. AFAIA, creating an invoice irrespective of whether you send it or not, create a new tax point which not only muddies the water but, also contravenes the agreement between agency and hmrc regarding self billing?

Anyway, I dont bother. I really dont see the point of creating any other document. Every time I've been on SB, the invoice \ remittance \ self billing 'document' contains all the information required. Neither does creating your own invoice put you on a stronger footing for IR35 so, I just dont get it.

Does that include the legal rquirement that all your invoices are sequentially numbered...?