Invoice Date vs Bank Entry Income

[madison81]

For points to be claimed for Self Employed earnings, does the UKBA consider the dates of the invoices or the dates the money was received in the bank account?

i.e. Invoice 1 Date: 15/01/2103 Money received in Bank: 26/01/2013
Invoice 2 Date: 23/02/2013 Money received in Bank: 01/04/2013

will the period of earnings be 15th Jan 2013 to 23rd Feb 2013 or 26th Jan 2013 to 1st April 2013?

need help urgently.

please help.

[sonub4ualt]

For points to be claimed for Self Employed earnings, does the UKBA consider the dates of the invoices or the dates the money was received in the bank account?

i.e. Invoice 1 Date: 15/01/2103 Money received in Bank: 26/01/2013
Invoice 2 Date: 23/02/2013 Money received in Bank: 01/04/2013

will the period of earnings be 15th Jan 2013 to 23rd Feb 2013 or 26th Jan 2013 to 1st April 2013?

need help urgently.

please help.

This is best known to a qualified accountant, as he/she will give explanation of invoices along with profit/loss statement for claiming period!

[madison81]

is that right that i have to pay my national insurance contributions 'DURING' my self employment earnings period? what if i have paid them after the period of claim??

is it a rule that i have pay the national insurance only 'DURING' the period of self employment earnings?

plzzz help urgently

[sonub4ualt]

is that right that i have to pay my national insurance contributions 'DURING' my self employment earnings period? what if i have paid them after the period of claim??

is it a rule that i have pay the national insurance only 'DURING' the period of self employment earnings?

plzzz help urgently

Call HMRC and let them know whether you are still self-employed or not. If you are not, tell them the date you terminated your self-employment and they will be able to issue NI bill to be paid and it will have a pay by date.

[HSK Accountancy Services]

For points to be claimed for Self Employed earnings, does the UKBA consider the dates of the invoices or the dates the money was received in the bank account?

i.e. Invoice 1 Date: 15/01/2103 Money received in Bank: 26/01/2013
Invoice 2 Date: 23/02/2013 Money received in Bank: 01/04/2013

will the period of earnings be 15th Jan 2013 to 23rd Feb 2013 or 26th Jan 2013 to 1st April 2013?

need help urgently.

please help.

This is best known to a qualified accountant, as he/she will give explanation of invoices along with profit/loss statement for claiming period!

I can confirm that it is invoice date which is considered for income period and not payment date.

As accounts are prepared on accrual basis of accounting.

HO should consider all invoices even if they are paid outside the claimed period. But if the invoice is still outstanding then they can refuse to accept the invoice.

I hope this helps.

Cheers