Newbie Question - Quote Rate Including/Excluding VAT?

[franksmith]

I'm about to make the big step from 10 years permanent employment to contracting, and whilst I've started applying, it suddenly occurred to me whether or not the fee I state I require is usually given including VAT, or excluding VAT. What is the generally accepted way of doing it (if there is even one)?

For example, if I put a required rate of £400/day, is it generally assumed that it will include VAT, or be excluding VAT? I know I can obviously state it, but I want to make sure I give the information expected, and don't want to drop the bombshell that I have added VAT on top when I suddenly send an invoice, for example.

Or is there no generally accepted way of doing it?

Thanks

Frank

[MarillionFan]

I'm about to make the big step from 10 years permanent employment to contracting, and whilst I've started applying, it suddenly occurred to me whether or not the fee I state I require is usually given including VAT, or excluding VAT. What is the generally accepted way of doing it (if there is even one)?

For example, if I put a required rate of £400/day, is it generally assumed that it will include VAT, or be excluding VAT? I know I can obviously state it, but I want to make sure I give the information expected, and don't want to drop the bombshell that I have added VAT on top when I suddenly send an invoice, for example.

Or is there no generally accepted way of doing it?

Thanks

Frank

Excluding. Always excluding.

VAT can be claimed back. It's not an issue.

[suityou01]

I'm about to make the big step from 10 years permanent employment to contracting, and whilst I've started applying, it suddenly occurred to me whether or not the fee I state I require is usually given including VAT, or excluding VAT. What is the generally accepted way of doing it (if there is even one)?

For example, if I put a required rate of £400/day, is it generally assumed that it will include VAT, or be excluding VAT? I know I can obviously state it, but I want to make sure I give the information expected, and don't want to drop the bombshell that I have added VAT on top when I suddenly send an invoice, for example.

Or is there no generally accepted way of doing it?

Thanks

Frank

Without VAT.

Now, where's the booze, do you like films about gladiators and can I see your porn collection please?

[suityou01]

Ah fook me it's another MF sockie thread.

<threadflounce>

[MarillionFan]

Ah fook me it's another MF sockie thread.

<threadflounce>

Don't hate the player Suity. Don't hate the player.

[franksmith]

Thanks both.

And is there a private joke I'm missing there?

[MarillionFan]

Thanks both.

And is there a private joke I'm missing there?

Welcome.

This site has more injokes than a Terry Wogan Radio 2 show.

If you need answers to serious questions post them
in our professional forums where you'll get a serious answer, post in General and you'll bump into
our care in the community posters like Suity above.

Hth

MF

[EternalOptimist]

your rate should not include VAT.

you claim VAT from the client at the standard rate, you pay the tax man at the flat rate, the client claims it back from the tax man.


there is lots of paperwork and bollocks, we make a little, the taxpayer loses a little

its a typical blivet by government

[thunderlizard]

And is there a private joke I'm missing there?

Almost certainly. They're lost on me too. You get used to tuning them out after a while.

[MaryPoppins]

Almost certainly. They're lost on me too. You get used to tuning them out after a while.

WTLS