Originally posted by jamesbrown
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merely at clientco for the entertainment -
aside from the other noise in the question.... and if this is taken at face value, a client requested drop in rates of less than 1%, in the financial sector, is not bad news.
The OP needs to make a business decision. Take the cut or risk losing the role.
The only IR35 question they should have right now is what does the SDS say for after April 6th.
and OP should do some research over the rest of the holiday.See You Next TuesdayComment
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Or you could accept the reduction and be a lot more careful not to start work early, finish late or skimp on your lunch break.Comment
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Originally posted by northernladuk View PostThis was quite an interesting post the OP had up until
Why does everything have to come down to IR35 and how come people know so little about IR35 they have to ask everytime something changes? Boils my piss.
This is your livelihood, how come you know so little about IR35 you have to ask? WTF are you going to do next April when you are deemed inside?
How can you work out complex business situations like this when you can't apply the basics of something that's been around 10+ years? So many people pretending to be a contractor it's unreal.
But that aside... Im struggling to understand the situation with the contract. You say they've made a change to your contract. So they've dropped this on you and presented you with a new contract before the old one has expired with the new terms on it? Have they served notice on the old one or what?
I think it's a case of what Old Greg says... but... I'd play the game regarding contracts to the letter. They can't just give you another one and say here sign this. Make sure they give the proper notice on the old one and you'll sign that when the old one has expired. If they want to do this they've got to make sure it's done properly... unless they are and you've just not explained it clearly.
I know about IR35 regulation but wouldn't call myself to be an expert.
Yes, this has come midway through the current contract. Yes, they have served notice the new contract comes into force from mid Jan.
There is no mention of the 0.65% charges, the rate is just reduced to reflect the 0.65%.
My point is if this is a charge that I would need to bear, I would expect this to be reflected on the contract and I get a proper VAT receipt for the charges I paid. I will claim this as an expense to my business.Comment
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Originally posted by cannon999 View PostAssuming you bill 500/d and 22 days a month this is £11000 a month. 11000 * 0.0065 = £71.5 a month. You are going to quabble over 70 quid a month with your client? Are you stupid?Comment
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Originally posted by ladymuck View PostWhat is the fee meant to cover / provide?Comment
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Originally posted by oilboil View PostI would quibble it in an existing contract, in a new contract I'd accept its the cost of taking the business, but for an existing contract with no mention then I'd argue the toss or get them to up my rate by 1% to enable the cut to be takenComment
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Originally posted by alshanky View PostI know about IR35 regulation but wouldn't call myself to be an expert.
Yes, this has come midway through the current contract. Yes, they have served notice the new contract comes into force from mid Jan.
There is no mention of the 0.65% charges, the rate is just reduced to reflect the 0.65%.
My point is if this is a charge that I would need to bear, I would expect this to be reflected on the contract and I get a proper VAT receipt for the charges I paid. I will claim this as an expense to my business.
It is a rate reduction for your business.
This is blindingly simple. Take it or don't.See You Next TuesdayComment
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Originally posted by Lance View Postthe 'charge' is not an expense to your business though is it?
It is a rate reduction for your business.
This is blindingly simple. Take it or don't.
So it goes
End client pays 100%
CMS - receives 100% pays out 99.35%
Agency receives 99.35%
But as I new contract has been issued you only have 1 choice - accept the new contract or try to find a new one.
And given how little has changed I would take the new contract - it's not as if it is a 25% take it or leave cut.merely at clientco for the entertainmentComment
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