Invoicing on a clients behalf?

[virtuald]

Hi

A new client has asked me if I would Invoice her clients on her behalf when they pay for one of her courses?

Does this mean I have to now register under Money Laundering Regulations??

Many thanks

Amanda

 

[Ola1]

I think you may well then fall under

hmrc money laundering regs

Business types supervised by HMRC

HMRC is the supervisory authority for the following four business types:

• Money Service Businesses not supervised by the FCA
• High Value Dealers
• Trust or Company Service Providers not supervised by the FCA or a professional body
• Accountancy Service Providers not supervised by a professional body

Money Service Businesses includes: Money Transmitters, Cheque Cashers, Currency Exchange Offices, Bill payment Service providers and Telecommunication Digital and IT Payment Service Providers

 

[Bob]

I don't know that I agree with Finchley Business Systems. I think it depends upon what you are doing. If you are merely preparing and sending out the invoices, then I think you are OK. To be included as an Accountancy Service Provider, I think that You have to go one step further and then actually enter the invoice into the books of account.

 

[Ola1]

I had assumed that Invoicing the clients, does not mean just printing the invoices to order, and sending them out as a service.

Are you keeping records of the earnings of this client, collecting money, chasing no payment ?

You should read the guidance

 

[Bob]

You should read the guidance

I agree. The correct link is here
Further definition of Accountancy Services Provider here
If you're not sure. you can always contact HMRC for their opinion

 

[MyAccountantOnline]

Hi

A new client has asked me if I would Invoice her clients on her behalf when they pay for one of her courses?

Does this mean I have to now register under Money Laundering Regulations??

Many thanks

Amanda

Hi Amanda are you working for this person as a bookkeeper?