Get Transferable Invoice Payments

This is an agreement to a self-billing procedure between Customer VAT Number 143 1816 33 And Supplier Name VAT Number if applicable The self-biller Aimselect Projects Limited agrees i ii iii iv To issue self-billed invoices for all supplies made to them by the supplier contractor. To complete self-billed invoices showing the supplier s name address VAT registration number together with all the other details which constitute a full VAT invoice. Please note that the VAT to be accounted for by you MUST be the same as the VAT on the self-bill invoice the self-bill invoice becomes the only valid document to account for VAT in your records. This is an agreement to a self-billing procedure between Customer VAT Number 143 1816 33 And Supplier Name VAT Number if applicable The self-biller Aimselect Projects Limited agrees i ii iii iv To issue self-billed invoices for all supplies made to them by the supplier contractor. To complete self-billed invoices showing the supplier s name address VAT registration number together with all the other details which constitute a full VAT invoice. To make a new self-billing agreement in the event that their VAT registration number changes. To inform the supplier if the issue of self-billing invoices will be outsourced to a third party. To accept invoices raised by the self-biller on their behalf. Not to raise sales invoices for the transactions covered by this agreement. What s the benefit to me - You do not have to produce an invoice This reduces your administration costs It leads to a more efficient payment process Removes the possibility of payment being delayed due to a failure to receive your invoice - No need to check invoices to timesheets - It reduces queries - This ensures a more efficient payment process How will I cope with Self Bill invoices Instead of providing your own invoices you will use the self-bill invoices as part of your Limited company accounting records. This is accepted by HMRC for VAT purposes. We recognise that you may have you own system to provide invoices. Upon receipt of a valid authorised time sheet Aimselect will send you your invoice from our contractor pay-and-bill system. This is a more efficient timesheet and invoicing process for both parties. What s the benefit to me - You do not have to produce an invoice This reduces your administration costs It leads to a more efficient payment process Removes the possibility of payment being delayed due to a failure to receive your invoice - No need to check invoices to timesheets - It reduces queries - This ensures a more efficient payment process How will I cope with Self Bill invoices Instead of providing your own invoices you will use the self-bill invoices as part of your Limited company accounting records. This is an arrangement between a contractor and Aimselect Projects Limited whereby Aimselect prepares the contractor s invoice and sends it out to the contractor when the timesheet is processed. On signing the below agreement your Limited company will no longer send an invoice to the Aimselect accounts department. This is accepted by HMRC for VAT purposes. We recognise that you may have you own system to provide invoices. If you want to continue to do this we suggest you produce your invoice but do not send it to us instead attach it to the self-bill invoice. Please note that the VAT to be accounted for by you MUST be the same as the VAT on the self-bill invoice the self-bill invoice becomes the only valid document to account for VAT in your records. To accept invoices raised by the self-biller on their behalf. Not to raise sales invoices for the transactions covered by this agreement. To notify the customer Aimselect Projects Limited immediately if they change their VAT registration number cease to be VAT registered or sell their business or part of their business.