The Self-Bill arrangement allows Futures to raise an invoice on your behalf based on your submitted timesheet as authorised by your hiring manager. It will ensure that your invoice exactly mirrors your authorised timesheet.
The self-billing process will save you time in having to raise your own paperwork but, in order for Futures to do this on your behalf, we do need your consent.
It is an HMRC requirement that the agreement is signed prior to the start of self-billing arrangements and covers both parties in respect of any VAT recorded on the self-bill invoice.
The invoice raised in this way will then be available for you or your accountant to enter into your financial records. The agreement will be renewed at the end of every calendar year, and you have the absolute right to cancel the agreement with 1 months’ notice.