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Daily rate including VAT?

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    Daily rate including VAT?

    Hi,

    just started my first contract and the rate per day is inclusive of VAT. Is that normal? Are the advertised rates for a contract exclusive usually?

    R

    #2
    No that's pretty abnormal in my experience... Some contractors aren't even VAT registered. Did the agent tell you that the rate was VAT inclusive when you went for the role? Does it say that it includes VAT in the contract? I would put up a fight if not because you are effectively taking a ~15% rate cut.
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      #3
      Certainly check it out, I have never come across this, are they trying to pull a fast one?
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        #4
        Name and shame please........

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          #5
          Certainly abnormal - the agency will be claiming the VAT back anyway, and sounds like they are trying to fleece you, based on this being your first contract.

          I can remember being pleasantly surprised when my first invoice got paid, since it was 17.5% more than I was expecting!
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            #6
            Originally posted by too_many_details View Post
            Hi,

            just started my first contract and the rate per day is inclusive of VAT. Is that normal? Are the advertised rates for a contract exclusive usually?

            R
            Someone tried to pull this one on me - after I had started the contract. Tell 'em to **** off.
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              #7
              I'll speak to my accountants (NW) first and see if they agree with you guys. If so, i'll ring the agency and complain.

              I'll keep you posted.

              R
              Last edited by too_many_details; 21 September 2007, 08:38. Reason: spelling

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                #8
                Originally posted by too_many_details View Post
                Hi,

                just started my first contract and the rate per day is inclusive of VAT. Is that normal? Are the advertised rates for a contract exclusive usually?

                R
                What does your contract state?

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                  #9
                  Is this the same agent who was reluctant to make the changes to the contract???

                  Comment


                    #10
                    Originally posted by too_many_details View Post
                    I'll speak to my accountants (NW) first and see if they agree with you guys. If so, i'll ring the agency and complain.

                    I'll keep you posted.

                    R
                    We certainly do agree, a rate would usually be excluding VAT, in fact I have never come across a VAT inclusibe one.

                    Alan

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