I currently get paid into my student account (I was a student two years ago and plan to do another university course this autumn if I get accepted, so I haven’t bothered letting the bank know about my change of status, as it’s not really worth the bother).
I receive my non-business income into another account, so I keep the personal and business sides separate. Will it pose a problem to the revenue that my clients have been transferring my payments into my student account and not a business account? Does the revenue actually need to see my bank statements at all? Is this something that only happens when one gets audited?
I receive my non-business income into another account, so I keep the personal and business sides separate. Will it pose a problem to the revenue that my clients have been transferring my payments into my student account and not a business account? Does the revenue actually need to see my bank statements at all? Is this something that only happens when one gets audited?