Self Billing Agreement Template Hmrc

HMRC proposes the following model for a self-billing agreement. You are still responsible for keeping these records when you outsource self-billing to a third party. If the company has changed its name but retains the same VAT number, send us a copy of the name change certificate issued by the Registrar of Companies. Please email it to with your name, date of birth and old name. You should also contact your Hays advisor to sign a new PSCTOA contract form. Without an agreement, the self-bills you have issued are not proof of your right to VAT upstream. HMRC can check taxes and charge you a penalty if you taxed them upstream. Instead of providing your own invoices, you can use self-billing invoices as part of your limited company`s accounting documents. This is accepted by HMRC for VAT purposes. However, we recognize that you may have your own system to provide invoices. If you want to continue to do so, we recommend that you submit your invoice, but do not send it to us; Instead, put them on self-billing.

This is an agreement on a self-billing procedure between: Thus, you set up a self-billing agreement between a CUSTOMER registered in VAT and his supplier and the conditions that must be met. supplier agrees not to charge VAT on deliveries covered by the agreement. Normally, you don`t need to review an agreement if you provide a provider with self-billed invoices for less than 12 months. You can only collect tax on invoices charged by yourself if you have met all the requirements of registration. Your self-billing is unlikely to be incorrect because it is taken from the working time table that you have submitted and the client has authorized. However, if you have a request, please contact our call centre on 0203 727 2977. Once you have given your consent, the most important rules that apply to you as self-reporting are explained in paragraph 6.3. If you use a third-party provider to issue invoices on your behalf, you are still responsible for issuing invoices. There are several scenarios in which it may be useful to enter into a self-billing agreement with a supplier: section 6.4 has been updated to confirm the liability of self-accountants in vat accounting.

The following table tells you what to keep in mind if you have self-billing agreements for shipments of goods with non-British companies. Self-billing is a quick and easy way for your customers to pay you. It also ensures that your cash flow is better and the relationship you have with your customers is also better. Normally, the VAT delivery date is the actual date on which goods or services are made available to you, to you, to the customer. However, if you issue a self-billed invoice within 14 days of that delivery date, the date you charge will be fixed on the date of booking for VAT purposes. If you are a supplier who receives electronic self-billing invoices from a customer in an EU country, you must ensure that: HMRC does not insist that you accept self-billing. But your client can make self-billing a condition for doing business with you. In this case, the self-bills you made are not correct invoices. You are not proof of your right to deduction and your supplier must issue its own invoices.