Do you need a licence?
If you’re looking to set up your own practice and offer accountancy and bookkeeping services to clients in the UK, you’ll need to apply for a licence. You’ll also need a licence if you’re working as either:
- A sole practitioner, or
- A partner, or
- A director or principal with at least 5% shares belonging to you, your household or your family.
While virtually all AAT professional members who offer self-employed services fall under one of these categories, there are a few exemptions – check our licence requirements for full details.
What type of licence you need
We offer two types of licence, so you can apply for the one that’s suited to your qualifications and experience, and that covers the services you wish to offer.
You can apply to provide up to four services to clients as an AAT Licensed Bookkeeper, and up to 18 services as an AAT Licensed Accountant. AAT licensed members are not permitted to carry out statutory audits.
|Service||AAT Licensed Bookkeeper||AAT Licensed Accountant|
|Financial accounts and accounts preparation for sole traders and partnerships||✔||✔|
|Computerised accountancy systems||✔||✔|
|Financial accounts and accounts preparation for statutory purposes||✔|
|Budgeting and forecasting||✔|
|Personal income tax||✔|
|Business income tax||✔|
|Capital gains tax||✔|
|Limited assurance engagement||✔|
|Company secretarial services||✔|
Benefits of your AAT licence
The AAT licence is more than a mark of professionalism and compliance. It also entitles you to a range of resources that will help you develop a successful business.
|Getting started||Running your business|
All AAT licensed members are required to comply with the conditions set out in AAT’s licensing policy. This includes maintaining adequate PII, maintaining continuity cover, compliance with the CPD policy, compliance with money laundering legislation and completing an annual renewal.
Additionally, licensed members must ensure they only undertake work which they are approved to offer.