Parity insist that I sign up to "self billing"

[kingcook]

The agency i'm currently working via does it. I don't like it, but the choice I had was to either accept it, or argue and possibly lose the gig.

Not wanting to lose a probable 6 figure sum, I chose to accept.

[jmo21]

+1 for self billing.

Easier for me and never had an issue with it.

[Bellona]

+1 for self billing.

Easier for me and never had an issue with it.

+2. Never had a payment query and meant payment was much quicker.

[The Spartan]

The agency i'm currently working via does it. I don't like it, but the choice I had was to either accept it, or argue and possibly lose the gig.

The agency I'm currently working via uses self-billing but I didn't sign up to it, I just invoice as normal and they haven't questioned it or the fact I didn't sign the opt out etc all I returned to them was a signed copy of the contract.

[GillsMan]

One of my clients uses self billing and I personally hate it. I have to do an extra layer of reconciliation, and I have to create the invoices which don't get sent to the agency. Was pretty annoying over Christmas when they had a different payment schedule, so the payments went out on different dates, so I had to go back and change my old invoices. Bit annoying.

[DirtyDog]

One of my clients uses self billing and I personally hate it. I have to do an extra layer of reconciliation, and I have to create the invoices which don't get sent to the agency. Was pretty annoying over Christmas when they had a different payment schedule, so the payments went out on different dates, so I had to go back and change my old invoices. Bit annoying.

So don;t create invoices that you don't issue. Simple.

[TheCyclingProgrammer]

One of my clients uses self billing and I personally hate it. I have to do an extra layer of reconciliation, and I have to create the invoices which don't get sent to the agency. Was pretty annoying over Christmas when they had a different payment schedule, so the payments went out on different dates, so I had to go back and change my old invoices. Bit annoying.

I too create duplicate invoices for self-billing invoices simply because I use FreeAgent and accrual-based accounting so its important that the invoices are entered into my books on the correct date for VAT purposes (if I simply explained the income as sales in FreeAgent when it was paid the sale could potentially end up on the wrong VAT return if it crossed the VAT period).

If you're using cash based accounting, then you should simply create the invoice after you get paid. If you're on accrual based accounting, then you should create the invoice when you receive the self-billed invoice with an identical date for the reason I outlined above - it shouldn't matter when you actually get payment as the tax point is the date of the self-billed invoice.

[Boney M]

Self billing is increasingly common (my current gig is self billed and I've had several others in the past that were), I believe the weight of opinion is it's fine on the employee indication front.
Parity will already have your bank details to pay your current invoices by direct methods, I can't even remember when in the over 20 years I've contracted that I was paid by cheque.

There was a agency based in Holborn I forget their name, very posh sounding who insisted on 60 day payment terms and then to be paid by cheque, this was only a 6-9 months ago so some still do but not for me.

Just checked my email for the job offer and it was www.rothstein.co.uk