• 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!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Not including Rates and Hours on Invoice"

Collapse

  • stonehead
    replied
    Originally posted by tarbera View Post
    Does your agent not auto generate your invoice for you anyway - most do

    Perhaps but as I pick up other work though my LTD I prefer to just do all my invoicing myself.

    I’m just sticking to the tried and tested format for now. Maybe I’ll press him for a further explanation next time I see him

    Leave a comment:


  • Maslins
    replied
    I'd recommend putting the dates worked on it. Can help if there's a dispute, or you lose track of what you have/haven't been paid for. Also on a more geeky level can help to see whether the year end accounts need any accrued/deferred income.

    Leave a comment:


  • LondonManc
    replied
    Originally posted by Swamp Thing View Post
    +1.
    I work with procurement teams that negotiate with the large consultancies. For transparency they insist on this minimum level of invoice breakdown. So if it's OK for the large consultancies to submit invoices in this way, it'll be OK for you, don't sweat it.
    HMRC won't be using invoice format as the smoking gun for in/out IR35 determinations. It'll be your contract and working practices.
    Thinking back to my one hourly rate contract, this is spot on when combined with my previous reply - the values showed X hours at £y/hour and then a total.

    Then the VAT at the end.

    Leave a comment:


  • Swamp Thing
    replied
    Originally posted by TheCyclingProgrammer View Post
    It seems a bit odd to me.

    If I charge a day rate I list the day rate as the line item amount and the number of days as the quantity.

    I do the same for weekly billing.

    I can’t see any reason why hourly would be any different. Your IR35 status isn’t going to be determined by the wording on your invoice.
    +1.
    I work with procurement teams that negotiate with the large consultancies. For transparency they insist on this minimum level of invoice breakdown. So if it's OK for the large consultancies to submit invoices in this way, it'll be OK for you, don't sweat it.
    HMRC won't be using invoice format as the smoking gun for in/out IR35 determinations. It'll be your contract and working practices.

    Leave a comment:


  • LondonManc
    replied
    Originally posted by stonehead View Post
    Yes my thoughts exactly.
    I always tend to take my accountants advice on such matters but this one had me questioning how or why it would have any benifit at all.
    +1

    99% I take my accountant's advice because I consider and expect it to be correct but I would agree that this seems odd.

    One option if you feel more comfortable is to bill for "consultancy services provided between x/y/2017 and z/y/2017"

    Leave a comment:


  • tarbera
    replied
    Does your agent not auto generate your invoice for you anyway - most do

    Leave a comment:


  • stonehead
    replied
    Yes my thoughts exactly.
    I always tend to take my accountants advice on such matters but this one had me questioning how or why it would have any benifit at all.

    Leave a comment:


  • TheFaQQer
    replied
    Originally posted by TheCyclingProgrammer View Post
    It seems a bit odd to me.

    If I charge a day rate I list the day rate as the line item amount and the number of days as the quantity.

    I do the same for weekly billing.

    I can’t see any reason why hourly would be any different. Your IR35 status isn’t going to be determined by the wording on your invoice.
    I agree.

    One of my clients will only process invoices in a given format because their OCR isn't that good, so the format for all suppliers is mandated (unless you send in a paper copy), so I always include the details on that one.

    Can't see it making any difference to anything.

    Leave a comment:


  • TheCyclingProgrammer
    replied
    It seems a bit odd to me.

    If I charge a day rate I list the day rate as the line item amount and the number of days as the quantity.

    I do the same for weekly billing.

    I can’t see any reason why hourly would be any different. Your IR35 status isn’t going to be determined by the wording on your invoice.

    Leave a comment:


  • simondolan
    replied
    Originally posted by stonehead View Post
    Evening All,

    After having gone perm for sometime, I will begin contracting again via agency. (Hourly Rate - Private Sector)

    As I am getting my LTD affairs in order my new accountant suggested when raising my invoice to the agency I should not include my hours worked and rate, but simply the total amount due for services provided that period. eg:, if 40 hours at £50ph, the invoice should just say:"..for services rendered... Total £2000" as the agency and client would have my timesheets and contract anyway.

    His reasoning being its good practice when concerned about mr taxman and IR35 etc.
    Not a concern right now but as future contracts could well be inside, I was wondering about peoples thoughts on doing this and why.
    Makes no difference. Your contract will state you are paid an hourly rate, so whatever the invoice states is irrelevant.

    Leave a comment:


  • stonehead
    started a topic Not including Rates and Hours on Invoice

    Not including Rates and Hours on Invoice

    Evening All,

    After having gone perm for sometime, I will begin contracting again via agency. (Hourly Rate - Private Sector)

    As I am getting my LTD affairs in order my new accountant suggested when raising my invoice to the agency I should not include my hours worked and rate, but simply the total amount due for services provided that period. eg:, if 40 hours at £50ph, the invoice should just say:"..for services rendered... Total £2000" as the agency and client would have my timesheets and contract anyway.

    His reasoning being its good practice when concerned about mr taxman and IR35 etc.
    Not a concern right now but as future contracts could well be inside, I was wondering about peoples thoughts on doing this and why.

Working...
X