Self Billing Contracts

An Agency operating a self billing system means they do not require an invoice to be submitted by the Contractor‘s Company and they will pay for services provided on submission of a timesheet.
If you are a Client who is classed as a “self biller”; you are still required for FW Accounting invoicing purposes to email a copy of your timesheet or your self- billing remittance to; timeandexpense@fwaccounting.com.   Without this, our invoicing software is unable to calculate & deduct your VAT and Corporation Tax liability for the purpose of the tax reserve service, where applicable.
Please also remember to provide us with details of any changes to contract rates or end dates, to help ensure our records are kept up to date and we are producing invoices at the correct rates paid.

More Blogs

Sole Trader Bookkeeping Basics: What Every Self-Employed Person Should Know

Good bookkeeping is not only a legal obligation but is also essential for: managing cash flow, maximising tax efficiency, and building a sustainable business. This guide will take you through the fundamentals of bookkeeping at a high level, focusing on accountancy and tax advice tailored specifically to UK sole traders.

Accounting Team

How Does MTD For Income Tax Work?

If you are a self-employed sole trader or earn income from property then you need to understand the new rules for Making Tax Digital (MTD) for income tax!  The new rules start from April 2026, and they will require you to submit your financial records to HMRC throughout the year, in addition to still submitting a self-assessment tax return.  Therefore it is essential to keep your accounting records up to date throughout the year (instead of just doing this at the year end), and if you don’t have time to do this yourself, then it is definitely a good idea to hire an accountant to help you!

George Ian Hope

What If I Haven’t Filed a Tax Return for One or More Years?

If you are a UK taxpayer and you haven’t filed your self-assessment personal tax returns for one or more years, you’re not alone!   In this article, we explain the consequences of failing to submit your tax returns, how interest and penalties are calculated, and what steps you can take to resolve the situation and bring your tax affairs up to date. We also explore why engaging with a qualified accountant can be an essential part of getting back on track!

Accounting Team