Originally posted by Lola C
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
What do agents earn on holding our money as long as posible?
Collapse
X
-
-
Originally posted by TheFaQQer View PostDid the client say that they were amenable to breaking their contract with the agency or not?
I'll investigate.Comment
-
Originally posted by Lola C View PostIt's a good idea. Thanks.
I'll investigate.
They can't just stop paying because you don't want them to, unless they are willing to open themselves up to paying penalties for breach.Comment
-
No, they haven't. They have paid as agreed, but the pimp is sitting on the money somewhere and doesn't pay me.
What's the point of paying him more of my money - by that I can get at least a part of what is due, if he ran away.Comment
-
Originally posted by TheFaQQer View PostIf they have stopped paying the agency because you asked them to, then they have already broken their contract with the agency and could be open to penalties as per their contract.
They can't just stop paying because you don't want them to, unless they are willing to open themselves up to paying penalties for breach.Comment
-
Late payment isn't technically a breach unless payment forms part of the essence of the contract. You can charge 8% if it is over 30 days late.
I haven't digested every post on this thread but have you tried dunning them and are sending some pretty stiff mails about this using read receipt and the like?
There are plenty of articles on google about late payment.
and have a look at the payontime site for the process to recover.
The Late Payment of Commercial Debts Regulations 2013 - Pay on Time
If you are an umbrella you should be all over them really and they should sort it out for you but I am aware from other posts about people and late payment through brolly's some of them are not very proactive about it. Here are some posts on the same subject...
Maybe one of these might give you some help...
https://www.google.co.uk/search?q=la...m=122&ie=UTF-8'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by northernladuk View PostLate payment isn't technically a breach unless payment forms part of the essence of the contract. You can charge 8% if it is over 30 days late.
If you read what I wrote, my point was that if the client has a contract between themselves and the agency to pay for the work that the contractor does (which they evidently do), and the contractor then does some work, the client is legally bound to pay the money to the agency. The contractor can tell the client that they should stop the payment to the agency (as the OP says they have done), however that would be inciting the client to breach the client-agency contract which the client could then be penalised.Comment
-
Well, there is a huge difference between a late payment and no payment, which is my case.
There is no payment, and the payment terms are very well defined in my contract.
BTW, the agent doesn't need to know that the contractor told the client to stop paying. Let him think it's a delay.
You can only fight fire with fire.Last edited by Lola C; 27 May 2014, 19:15.Comment
-
Originally posted by Lola C View PostWell, there is a huge difference between a late payment and no payment, which is my case.
There is no payment, and the payment terms are very well defined in my contract.
BTW, the agent doesn't need to know that the contractor told the client to stop paying. Let him think it's a delay.
You can only fight fire with fire.
Your umbrella company should be fighting this for you if the contract terms have been exceededComment
-
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
Comment