To minimise administration costs and ensure payment is made to you as soon as possible, British Wool operates a “Self-Billing” system. Essentially, this means British Wool raises a VAT sales invoice on your behalf and then British Wool pays this “Self-Billed” invoice to you.
To operate this system, your written consent to self-billing is required under the HMRC self-billing VAT notice 700/62. It applies to all VAT registered producers and producers registered under the Agricultural Flat Rate Scheme.
If you have not done so already please click here to open the self-billing form, complete the form and then email it to firstname.lastname@example.org. If you have any queries please contact the Producer Services Department on 01274 688666.