Self Billing and BETs

[TheCyclingProgrammer]

Fair enough - but if you are on cash accounting rather than accruals? In my case the VAT numbers are based on the invoice payment based on when the money hits the company account, and always has been. Over the quarter, surely there won't be a difference in the total VAT charged?

I'm using normal invoicing, the tax point is the date of the invoice as per the rules for continuing supply of services as I understand them (and I may be wrong, I suppose...)

It might seem like splitting hairs, but if there is a self-billing arrangement in place, them I'm pretty sure that as far as HMRC are concerned the only invoice that matters is the one the agency create. HMRC specifically say you shouldn't create invoices in this case although I realise most people do for record keeping purposes (I would) and as long as you don't send them, it doesn't make much difference - but if HMRC needed to see the invoice, the self-billing one is the one they'd want to see on inspection I would have thought.

Agree generally that one shouldn't expect agencies to get things right and each self-billed invoice should be properly checked!

[Craig at Nixon Williams]

It might seem like splitting hairs, but if there is a self-billing arrangement in place, them I'm pretty sure that as far as HMRC are concerned the only invoice that matters is the one the agency create. HMRC specifically say you shouldn't create invoices in this case although I realise most people do for record keeping purposes (I would) and as long as you don't send them, it doesn't make much difference - but if HMRC needed to see the invoice, the self-billing one is the one they'd want to see on inspection I would have thought.

Agree generally that one shouldn't expect agencies to get things right and each self-billed invoice should be properly checked!

That is correct - therefore if your accountant prepares your returns then it should be the self-bills that you send to them.

Craig

[malvolio]

That is correct - therefore if your accountant prepares your returns then it should be the self-bills that you send to them.

Craig

She does, but on the back of reported expenditure by (inter alia) invoice reference. They don't ask for copies of anything other than bank statements for the year end. I do keep all copies of invoices (mine and historical self-billing ones) and RAs should they be needed of course and if it were required it would be the agency invoice that they would be sent for any self-billed contracts

The underlying assumption is that it is my business and I am responsible for the book-keeping: that seems to suit both sides perfectly well.