Hi,
I am currently negotiating my second contract (whoo hoo!). But I need to be 100% about the wording on the amount that I am being paid.
My (still very newbie) question is: when asked to quote a daily rate do you always state the rate before VAT is added (so quote £100 and invoice £120); is there a general convention that the amount stated is always before VAT?
Background:
My first contract quoted a rate of £X per day and this was understood and accepted to be before VAT the the actual amount I invoiced per day was £x+20% .
The new contract has a "Fees Payable" of £X per day; of course I will clarify this in writing with them (that they are expecting to see invoices for £x+20%).
Thanks,
Mono.
I am currently negotiating my second contract (whoo hoo!). But I need to be 100% about the wording on the amount that I am being paid.
My (still very newbie) question is: when asked to quote a daily rate do you always state the rate before VAT is added (so quote £100 and invoice £120); is there a general convention that the amount stated is always before VAT?
Background:
My first contract quoted a rate of £X per day and this was understood and accepted to be before VAT the the actual amount I invoiced per day was £x+20% .
The new contract has a "Fees Payable" of £X per day; of course I will clarify this in writing with them (that they are expecting to see invoices for £x+20%).
Thanks,
Mono.
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