billbedford Posted February 20, 2022 Share Posted February 20, 2022 My bank has asked me to provide a certificate of my Trading Name and suggested that one could be obtained from an accountant or a solicitor. I've never had an accountant and all the solicitors I approached so far have refused. Has any one had any experience of such things and what was the outcome? Link to post Share on other sites More sharing options...
RMweb Gold Phil Bullock Posted February 20, 2022 RMweb Gold Share Posted February 20, 2022 Bill it looks like you can self register with Companies House for £12 Company registration link Link to post Share on other sites More sharing options...
blueeighties Posted February 20, 2022 Share Posted February 20, 2022 What bank is that? Never heard of it. I know banks have got ridiculously finicky over particulars the last couple of years. Link to post Share on other sites More sharing options...
blueeighties Posted February 20, 2022 Share Posted February 20, 2022 10 minutes ago, Phil Bullock said: Bill it looks like you can self register with Companies House for £12 Company registration link You can only do that if you are a Ltd company, non Ltd has to be done by post and costs 40 quid. Link to post Share on other sites More sharing options...
MarkC Posted February 20, 2022 Share Posted February 20, 2022 11 minutes ago, blueeighties said: What bank is that? Never heard of it. I know banks have got ridiculously finicky over particulars the last couple of years. Yet scammers seem to be able to operate with impunity... 6 Link to post Share on other sites More sharing options...
billbedford Posted February 20, 2022 Author Share Posted February 20, 2022 To answer a couple of questions: I'm a sole trader, so what ever is available at Companies House is not aplicable The bank in question is RBS Link to post Share on other sites More sharing options...
Lurch Posted February 20, 2022 Share Posted February 20, 2022 1 hour ago, Phil Bullock said: Bill it looks like you can self register with Companies House for £12 Company registration link That is to register a company, which is not necessarily the same as your trading name anyway. Link to post Share on other sites More sharing options...
RMweb Premium dhjgreen Posted February 20, 2022 RMweb Premium Share Posted February 20, 2022 2 hours ago, billbedford said: My bank has asked me to provide a certificate of my Trading Name and suggested that one could be obtained from an accountant or a solicitor. I've never had an accountant and all the solicitors I approached so far have refused. Has any one had any experience of such things and what was the outcome? Is this any good 2 1 Link to post Share on other sites More sharing options...
spikey Posted February 21, 2022 Share Posted February 21, 2022 Change your bank? 1 4 Link to post Share on other sites More sharing options...
RMweb Premium Mike Bellamy Posted February 21, 2022 RMweb Premium Share Posted February 21, 2022 The link from David above seems to say that the only authorised way to get official recognition is to be registered as a sole trader with HMRC. . Link to post Share on other sites More sharing options...
RMweb Premium Kylestrome Posted February 21, 2022 RMweb Premium Share Posted February 21, 2022 10 minutes ago, Mike Bellamy said: The link from David above seems to say that the only authorised way to get official recognition is to be registered as a sole trader with HMRC. And that they don't issue certificates. It seems like someone at the bank is talking through their kilt. 1 2 2 Link to post Share on other sites More sharing options...
billbedford Posted February 21, 2022 Author Share Posted February 21, 2022 3 hours ago, spikey said: Change your bank? That may indeed be the object of the excercise. 1 Link to post Share on other sites More sharing options...
Lurch Posted February 21, 2022 Share Posted February 21, 2022 1 hour ago, billbedford said: That may indeed be the object of the excercise. If you do decide to use another bank I'd recommend looking at Starling. Link to post Share on other sites More sharing options...
RMweb Premium J. S. Bach Posted February 21, 2022 RMweb Premium Share Posted February 21, 2022 9 hours ago, billbedford said: That may indeed be the object of the excercise. Hmmm, no way to rate your post? Link to post Share on other sites More sharing options...
RMweb Gold Jonboy Posted February 22, 2022 RMweb Gold Share Posted February 22, 2022 (edited) Would they accept other documents showing it, such as insurance certificates, VAT registration or supplier invoices? Edited February 22, 2022 by Jonboy Link to post Share on other sites More sharing options...
jcm@gwr Posted February 22, 2022 Share Posted February 22, 2022 If they are insisting on something that doesn't exist, as part of being able to open/ run a bank account, remind them of the existence of the FCA. This sort of problem is right up their street! 1 Link to post Share on other sites More sharing options...
RMweb Premium kevinlms Posted February 22, 2022 RMweb Premium Share Posted February 22, 2022 On 21/02/2022 at 01:15, blueeighties said: You can only do that if you are a Ltd company, non Ltd has to be done by post and costs 40 quid. They want a cheque? I found my cheque book for my business recently and it was July 2010 the last time I wrote one! Link to post Share on other sites More sharing options...
RMweb Gold JohnR Posted February 22, 2022 RMweb Gold Share Posted February 22, 2022 Give them your reference number from HMRC. Link to post Share on other sites More sharing options...
billbedford Posted February 22, 2022 Author Share Posted February 22, 2022 I thought of that, but there is not a box on the self assessment form for a trading name. Link to post Share on other sites More sharing options...
RMweb Premium Mike Bellamy Posted February 22, 2022 RMweb Premium Share Posted February 22, 2022 Copied below from the link provided above by David Green - do you have the confirmation I have highlighted in bold from when you first registered as a sole trader - if not could HMRC provide a duplicate ? A sole trader simply notifies HMRC that they intend to start working for themselves, essentially telling HMRC they are becoming “self employed”. HMRC will ask if the sole trader business intends to have a “business name” or “trading style”, but this is not in order to register the business name and HMRC will not alert you if there are other businesses using the same name. The only proof that you will get that you have registered as a sole trader is a Unique Tax Reference (UTR) number. HMRC will send this to you around 10 days after your sole trader registration has been completed. Unlike with a limited company there is no certificate, or other documentation, to show you are registered as a sole trader. Also unlike a limited company there is no public list of sole traders that anyone can look you up on and no public database they can look your UTR number up on. There are a few private companies who will offer you the chance to register your sole trader business on the ‘Small Business Register’ or something equally official sounding. These private business registers are not run by the government and you are absolutely not required to register with them. 1 Link to post Share on other sites More sharing options...
billbedford Posted February 22, 2022 Author Share Posted February 22, 2022 18 minutes ago, Mike Bellamy said: Copied below from the link provided above by David Green - do you have the confirmation I have highlighted in bold from when you first registered as a sole trader - if not could HMRC provide a duplicate ? This misses the point again. The problem is with my taking name ie "Mousa Models" and being able to produce a paper trail that links that to me and my address. Link to post Share on other sites More sharing options...
spikey Posted February 22, 2022 Share Posted February 22, 2022 23 minutes ago, billbedford said: This misses the point again. The problem is with my taking name ie "Mousa Models" and being able to produce a paper trail that links that to me and my address. With respect, that is not the problem. The problem is RBS expecting you to prove that which cannot be proved. Or proven, as you wish ... 1 2 Link to post Share on other sites More sharing options...
RMweb Gold DaveF Posted February 22, 2022 RMweb Gold Share Posted February 22, 2022 This may seem facetious, if so I apologise. Presumably you have been with the bank for a period of time having opened the account yourself. They have have written to you in connection with your business account to your address. Presumably you are the signatory on the account. Surely that means they know who you are and that you run the business, so where is their problem - but knowing banks now it won't be that simple. David 1 Link to post Share on other sites More sharing options...
RMweb Premium kevinlms Posted February 23, 2022 RMweb Premium Share Posted February 23, 2022 10 hours ago, DaveF said: This may seem facetious, if so I apologise. Presumably you have been with the bank for a period of time having opened the account yourself. They have have written to you in connection with your business account to your address. Presumably you are the signatory on the account. Surely that means they know who you are and that you run the business, so where is their problem - but knowing banks now it won't be that simple. David Sometimes financial institutions have new regulations imposed on them by government laws, for which the bank MUST comply with. An example reason being money laundering. If anyone closes a bank account, because they don't like the changes - well good luck finding a replacement bank, where they don't require ALL of the conditions are met before they allow a new account to be opened. None of which means Bill was/is money laundering, but the banks need to be sure who they are dealing with. Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now