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Bank transactions as self-employed

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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mskhan
Member
Posts: 135
Joined: Fri Feb 26, 2010 2:15 pm
Location: Edinburgh

Bank transactions as self-employed

Post by mskhan » Fri Mar 18, 2011 9:37 am

Hi,

The payments I have received into my bank account, are mostly (almost 60%) from the same bank that my clients banking with.

This showing 'Transfer' against the payments I have received. Rest is showing the name of the client as well.

Is this 'Transfer' only an acceptable entry to show earnings?

Thanks

chosenaik
Member
Posts: 214
Joined: Mon Jan 10, 2011 1:51 pm

Post by chosenaik » Fri Mar 18, 2011 11:28 am

Something doesnt seem right. Even if its the same bank, its never a Transfer unless the same individual is the holder of both accounts. You should check with the bank, this seems like an error.

IMHO, I dont think a Transfer will be accepted (for the reasons given above).

Sushil-ACCA
Diamond Member
Posts: 1234
Joined: Wed Apr 02, 2008 2:47 pm
Location: Wembley Park

Re: Bank transactions as self-employed

Post by Sushil-ACCA » Sat Mar 19, 2011 2:16 pm

mskhan wrote:Hi,

The payments I have received into my bank account, are mostly (almost 60%) from the same bank that my clients banking with.

This showing 'Transfer' against the payments I have received. Rest is showing the name of the client as well.

Is this 'Transfer' only an acceptable entry to show earnings?

Thanks
there should be no issue so long transfer is coming from yr client a/c

nothing to same bank here
CDOKS

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