Self Employed Documents Clarificaiton

[Aussie]

Hello,

I hope someone can answer my query. I have just started a new contract and have registered myself as self employed with hmrc.

1) Is it mandatory to have business account or personal bank account is sufficient?

2) Guidelines say an applicant must provide 2 proof of earnings from different sources. I am planning to use accountant letter and bank statements. Do I aslo have to provide invoices as well? Because my client will be paying me montly according to the contract I have signed, so I would not need any invoices.

James

[HSK Accountancy Services]

Hello,

I hope someone can answer my query. I have just started a new contract and have registered myself as self employed with hmrc.

1) Is it mandatory to have business account or personal bank account is sufficient?

No but recommended!

2) Guidelines say an applicant must provide 2 proof of earnings from different sources. I am planning to use accountant letter and bank statements. Do I aslo have to provide invoices as well? Because my client will be paying me montly according to the contract I have signed, so I would not need any invoices.

You will need full set of accounts prepared by your accountant. Normally accounts + Letter from your accountant +bank statements should be enough but you should keep all supportings docs for backup!


James

[Aussie]

Thank you very much for your reply.

Just a doubt, what exactly you mean by full set of accounts?

[shussain]

No but recommende