|
Invoicing :
So that you receive payment for your services you will need to issue an invoice to your client.
Legally, an invoice must contain the following details:
- Company Name, address and registration number
- VAT number
- Invoice date
- Invoice number – this should be a consecutive number, although a prefix can be used if you wish
- Itemised breakdown, showing the chargeable period, rate etc
“Thank you once again for the prompt response – I’m glad I chose your company – you instil confidence in people like me who have never operated a limited company before!” Harrow, D - London
Self-Billing – If you source your assignments through an agency, they may operate a “self-billing system” – they will generate an invoice for you, so there is no need for you to issue one. In fact if you use a self-billing system, HMRC regulations prohibit you from issuing your own invoice.
Expenses – if you invoice for expenses incurred, remember to add VAT on top of the expenses, VAT should be added even if the expenses does not have any VAT.
There is no legal need to strip out the VAT although some clients insist on this, so that they are not charged VAT on VAT – call our office if you need clarification.
Tawanda EU Ltd Accountants
24, Milner Road, Gillingham,
Kent ME7 1RB,
UK
Phone + 44 787 296 2016
Email info  tawanda.co.uk
|
