First Contract - What Daily Rate & Expenses

[cojak]

Search for Brookson using http://forums.contractoruk.com/welco...uk-forums.html

[miniboy]

Thanks Cojak

[northernladuk]

I presume you have looked very carefully into the implications of spending a lot of time working out of the country? Might be ok with a 6 monther but if they extend you it will be very easy to end up falling foul of tax laws in other countries.

[SueEllen]

I presume you have looked very carefully into the implications of spending a lot of time working out of the country? Might be ok with a 6 monther but if they extend you it will be very easy to end up falling foul of tax laws in other countries.

WHS

Just a warning even a 6 month stint in some countries is too long from a personal tax point of view.

It's up to you not the tax adviser to confirm whether the way you are working is the best way as some "advisers" have promoted schemes which have got people in trouble with different tax authorities in Europe.

Search on here about a particular country, and only after searching ask if you can work as the thread suggested in that country.

[TheFaQQer]

I have just left full time employment on a salary of £95k and £15k commission plus usual company benefits, pension car, etc. and now starting in interim Management and have approached for a senior role on what is likely to be a 6 month contract. I concentrated on selling my ability to be a success and will not discuss my daily rate until next week.

The role is likely mean spending the majority of time on site in Europe and have no real idea of the following.

1) What would be a reasonable equivalent day rate to my old perm package?

2) With regards to expenses what would be reasonable for flights, accommodation, meals, laundry etc etc

All advice welcome.

Many thanks

Negotiate a slightly lower rate to be based nearby in the UK, and then get them to sort the expenses and travel out. That way, they have an incentive to keep you near home to reduce costs, and you don't run the risk of pricing yourself too low my miscalculating the expenses for getting to the sites.

A few years back, I did a project in London. When I started the role, it used to cost me about £40 on a Monday to fly down. Mid-way through, the airline changed the type of plane so there were no cheap seats available, and the fare went up to £250 one way. Since I was on an all-inclusive rate, I got hit with the increase, with nothing from the client - it's not their problem if the prices change.

Laundry isn't going to be paid by the client. Get a grip, or get your mum to wash it for you.

[MyUserName]

Laundry isn't going to be paid by the client. Get a grip, or get your mum to wash it for you.

When I was overseas as a permie I could always claim laundry as an expense. It might be unusual (I have never tried it in a different company) but it is not an unreasonable question.

[TheFaQQer]

When I was overseas as a permie I could always claim laundry as an expense. It might be unusual (I have never tried it in a different company) but it is not an unreasonable question.

Since the cost is going to be a BIK, then what's the point?

[The Spartan]

I would look into the Dual Taxation Agreements that are in place when working abroad other you're going to get spanked for tax and look at the HMRC6

[miniboy]

Thanks for all the great info guys. I am talking to Brooksons who have an overseas department who in turn have partners they work with 'in country'
Thanks again

[lukemg]

Sounds like you have the key element sorted, namely securing work.
Rest is details but dont sell yourself cheap, they will judge you on what you ask for so make sure you are 'reassuringly expensive'.
I think 850+ per day is not unreasonable at that level but think about exp too as these can add up.
If they accept your first rate offer, you didn't ask for enough...