Reducing the day rates

[craigy1874]

Do you understand IR35? Not a lot to go on but I'd say if you don't you could have some issues with that setup.


Did you qualify this? The agency just rocks up and says 5% cut. Fair enough as your contract is with them but did you find out if the client initiated it? Has the client cut the rate or the agent? Very important detail.



You agreed the cut. You've made a new contract either verbally or via email. Why did you go against what you agreed? Of course it's gone wrong.

It doesn't need to be on paper to be a contract. It's pretty poor of the agency not to supply you a new contract yes. But ignoring what you agreed and picking the old rate wasn't the correct thing to do.

They don't have to issue you with a new contract. It could just be a change to the payment terms.

Another very important detail you've missed. Did they do this mid contract or at renewal time? Very important distinction so we need to know.

And... have you been getting contracts every time you've been renewed in the past and it's just this time you are not getting a contract? Or have you just been carrying on even though the old contract expired?


No you are not.



Not a problem. Your accountant will help you sort it out. It's not complex.

and it's ADIVSE!!!!!! Not often we get it this way wrong but still annoying.

Haha Adivse? are you sure?

[northernladuk]

Haha Adivse? are you sure?

Finally! Someone has spotted it at last. That's the last time I'm putting deliberate errors in to keep you lot entertained.

[Lance]

it's a bit late now, but I've have told the agency that he can suck my balls.

He's been merrily taking his slice of the pie for 3 years. He's not going to let you go for sake of that 5% even if it means him reducing his own margin.

[pr1]

it's a bit late now, but I've have told the agency that he can suck my balls.

He's been merrily taking his slice of the pie for 3 years. He's not going to let you go for sake of that 5% even if it means him reducing his own margin.

that 5% to OP could be 90% of the agents margin

[Lance]

that 5% to OP could be 90% of the agents margin

True. But he's not done anything for 3 years to earn it. And if the OP walks the agent has to find someone else, or even worse lose the position totally. It's certainly not something you just accept when you're clearly in demand with the client and have demonstrated staying power.

Would the agency rather have just 10% of the margin for another 3 years, or the full margin for a shorter period?