Hi,
I'm new here obviously, about to move from a permanent role to contracting (IT in Banking), and now would like to ask a probably very very stupid question.
When you agree on a certain rate. Does it mean that already include the VAT you are about to charge your client (and hence practically you receive ~15% less), or VAT is not included and it is the client who will be paying you your rate + 20%?
ie when you agree on a rate - is it net in terms of VAT or gross normally?
Another question.. was it a bad idea (in terms of IR35) to create a company name like XXX Development Services Ltd? Just reading out some articles on here...
thank you!
I'm new here obviously, about to move from a permanent role to contracting (IT in Banking), and now would like to ask a probably very very stupid question.
When you agree on a certain rate. Does it mean that already include the VAT you are about to charge your client (and hence practically you receive ~15% less), or VAT is not included and it is the client who will be paying you your rate + 20%?
ie when you agree on a rate - is it net in terms of VAT or gross normally?
Another question.. was it a bad idea (in terms of IR35) to create a company name like XXX Development Services Ltd? Just reading out some articles on here...
thank you!
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