Originally posted by malvolio
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!
Asking Agency for rate % cut
Collapse
X
-
-
Originally posted by Cenobite View PostBut the work the client is mainly paying for is the work of the contractor but if some spotty agent school leaver can do the type of contracts you go for then fine."Being a permy is like being married, when there's no more sex on the cards....and she's got fat."
SlimRick
Can't argue with thatComment
-
Originally posted by Cenobite View PostBut the work the client is mainly paying for is the work of the contractor but if some spotty agent school leaver can do the type of contracts you go for then fine.Blog? What blog...?Comment
-
Originally posted by malvolio View PostI'm currently working on a £2bn programme for HMG, my bit of which is worth around £140m, so wind the neck in a little.Comment
-
Originally posted by The Agents View View PostAnd if you could do the work that the spotty agent school leaver can do, then it wouldn't matter to you....
Say the agent's making a standard cut of 15% and the contractor gets the remaining 85%, I'd say the contractor's doing the majority of the work and that's reflected in the relative cuts.
I understand what agents are for but this contractors take a cut of the agent's rate talk really gets my goat. Without a contractor with the relavent skills, there is no work and the human race survived for a long time before agents came along.Comment
-
Originally posted by Cenobite View PostIt's pretty rare I've got work through agents: I've got stuff from word-of-mouth and doing the cold-calling myself.
Say the agent's making a standard cut of 15% and the contractor gets the remaining 85%, I'd say the contractor's doing the majority of the work and that's reflected in the relative cuts.
I understand what agents are for but this contractors take a cut of the agent's rate talk really gets my goat. Without a contractor with the relavent skills, there is no work and the human race survived for a long time before agents came along.
The reality of it, is utterly irrelevant. The "contractor takes a cut of the agents rate" is necessary because in LEGAL terms, that is EXACTLY the situation. Funnily enough, it's a situation which suits contractors very nicely generally, because it's another layer between HMRC and their limited company if the gig they're doing is their only source of income."Being a permy is like being married, when there's no more sex on the cards....and she's got fat."
SlimRick
Can't argue with thatComment
-
Originally posted by The Agents View View PostThe reality of it, is utterly irrelevant. The "contractor takes a cut of the agents rate" is necessary because in LEGAL terms, that is EXACTLY the situation. Funnily enough, it's a situation which suits contractors very nicely generally, because it's another layer between HMRC and their limited company if the gig they're doing is their only source of income.Comment
-
Originally posted by Cenobite View PostI understand that and in terms of who gets what money paid to them from who it is entirely correct. What I don't agree with is using this fact to make out agents are the ones doing all the work, and contractors are some kind of inconvenience for taking a cut out of "your" money. Sounds like agents trying to justify their existence to me.
I mainly use this literal interpretation to dampen down contractors who are being unnecessarily awkward, or who are trying to suggest that they'll go direct to the client to negotiate their rate.....
......and to p*** contractors off in forums"Being a permy is like being married, when there's no more sex on the cards....and she's got fat."
SlimRick
Can't argue with thatComment
-
Originally posted by The Agents View View Post......and to p*** contractors off in forumsComment
-
Originally posted by Cenobite View PostIt's the only thing that gets my goat about the whole contractor/agent thing: as long as nobody brings it up I won't start! I just see red whenever I hear it.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
- Secondary NI threshold sinking to £5,000: a limited company director’s explainer Dec 24 09:51
- Reeves sets Spring Statement 2025 for March 26th Dec 23 09:18
- Spot the hidden contractor Dec 20 10:43
- Accounting for Contractors Dec 19 15:30
- Chartered Accountants with MarchMutual Dec 19 15:05
- Chartered Accountants with March Mutual Dec 19 15:05
- Chartered Accountants Dec 19 15:05
- Unfairly barred from contracting? Petrofac just paid the price Dec 19 09:43
- An IR35 case law look back: contractor must-knows for 2025-26 Dec 18 09:30
- A contractor’s Autumn Budget financial review Dec 17 10:59
Comment