Hi,
I've signed my first contract last month.
Being a newbie to contracting I wasn't aware of the VAT and other taxation.
I should have paid more attention in reading the contract.
Today, while trying to raise an invoice, I realised that I need to include VAT in the bill.
I just had a look at my contract. To my surprise it seemed to include the VAT in my rate.
Below is the snippet from my contract giving the definitions. Could someone please clarify if this does indicate the inclusion
of VAT in my consultancy fees?
“Consultancy Fees” : means the fees payable to the Consultancy for the provision of the Consultancy Services as set out in the Schedule. For the avoidance of doubt, the Consultancy Fees include the agreed fees for the Consultancy Services, any expenses or disbursements authorised by the Client and VAT charged at the applicable rate; and
Thanks,
Sireesh
I've signed my first contract last month.
Being a newbie to contracting I wasn't aware of the VAT and other taxation.
I should have paid more attention in reading the contract.
Today, while trying to raise an invoice, I realised that I need to include VAT in the bill.
I just had a look at my contract. To my surprise it seemed to include the VAT in my rate.
Below is the snippet from my contract giving the definitions. Could someone please clarify if this does indicate the inclusion
of VAT in my consultancy fees?
“Consultancy Fees” : means the fees payable to the Consultancy for the provision of the Consultancy Services as set out in the Schedule. For the avoidance of doubt, the Consultancy Fees include the agreed fees for the Consultancy Services, any expenses or disbursements authorised by the Client and VAT charged at the applicable rate; and
Thanks,
Sireesh
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