Hays - Self Billing?

[TheFaQQer]

They say it won't affect IR35 and that it is compulsory for all their contractors. They also say the process has been designed by the HMRC.

From the HMRC document:

6.2 What if I do not want to agree to self-billing?

We will not oblige you to agree to self-billing. However, your customer may make agreement to self-billing a condition of your making supplies to him.

So you may have to allow them to do self billing to accept the contract. It's not an HMRC requirement, but the client can make it a condition of you being a supplier to them.

[Epiphone]

Use the self billing (make sure they get the VAT right) but send an invoice anyway. What they choose to do with it is their business. At least you'll have an invoice for your records.

[Peter Loew]

Use the self billing (make sure they get the VAT right) but send an invoice anyway. What they choose to do with it is their business. At least you'll have an invoice for your records.

Cheers, that is exactly what I plan to do.

P

[OrangeHopper]

Just a note.

Hays calculate the the VAT on each line item rather than on the net total. This can result in a difference in VAT if you use the latter.

Be prepared to change your copy of your invoice because it is easier than getting them to change the VAT calculation.

[KathyWoolfe]

Cheers, that is exactly what I plan to do.

P

I am a Ltd and my accountants raise the invoices sent to the agency (all I do is fill in timesheets ) and then send me copies.

[TheFaQQer]

Use the self billing (make sure they get the VAT right) but send an invoice anyway. What they choose to do with it is their business. At least you'll have an invoice for your records.

6.3 Main rules for self-billees

If you are a self-billee, you must:

* not raise sales invoices for any transactions with your self-biller for the period of your self-billing agreement with him. The agreement will last either for a period of 12 months or, if you have a contract with your customer, for the duration of that contract;

So, the guidance says that you MUST NOT raise an invoice, if you are signed up to self billing.

[Epiphone]

I am a Ltd and my accountants raise the invoices sent to the agency (all I do is fill in timesheets ) and then send me copies.

Your accountant raises your invoices?

[Lockhouse]

Your accountant raises your invoices?

Disguised MSC Alert!

[Dark Black]

I am a Ltd and my accountants raise the invoices sent to the agency (all I do is fill in timesheets ) and then send me copies.

run away! run away!

[Bluebird]

Disguised MSC Alert!

whats an extra 20% tax between friends....