Dates and rates

[d000hg]

How about option d, invoice new rate from April!? They have issued contract with that on it and if HMRC look at it and you're VAT registered, they'll want the prevailing rate from April as the contract states you were paid the new higher rate from that date.

I think HMRC would base it on the invoices you submitted, regardless what the contract says, since the contract won't guarantee how many hours/days you've worked.

[BolshieBastard]

I contract direct and was fortunate enough to get my contract renewed as well as getting a rate rise this month. For some reason it is company policy to date contracts from the beginning of the contract rather than from the renewal date so I now have a contract with a start date of April with my new rate on it. The contract was signed a week before the end of my last contract and I invoice monthly. When you invoice for October would you

a) Invoice at your old rate till date your old contract ended and your new rate from that date forwards
b) Invoice at your old rate until the date the new contract was signed and then at your new rate from that date forwards
c) Invoice at your new rate for the whole of October

I'm leaning towards B at the moment.

How about option d, invoice new rate from April!? They have issued contract with that on it and if HMRC look at it and you're VAT registered, they'll want the prevailing rate from April as the contract states you were paid the new higher rate from that date.

[lithium147]

Its fine to have one invoice with different rates in it. Have done that before.

[eek]

I contract direct and was fortunate enough to get my contract renewed as well as getting a rate rise this month. For some reason it is company policy to date contracts from the beginning of the contract rather than from the renewal date so I now have a contract with a start date of April with my new rate on it. The contract was signed a week before the end of my last contract and I invoice monthly. When you invoice for October would you

a) Invoice at your old rate till date your old contract ended and your new rate from that date forwards
b) Invoice at your old rate until the date the new contract was signed and then at your new rate from that date forwards
c) Invoice at your new rate for the whole of October

I'm leaning towards B at the moment.

What does the paperwork say. It will say a and that is what you should be doing.

I would also be doing two invoices for the month of October. 1 up to the old date and 2 for the days under the new contract at the new rate.

[davetza]

I contract direct and was fortunate enough to get my contract renewed as well as getting a rate rise this month. For some reason it is company policy to date contracts from the beginning of the contract rather than from the renewal date so I now have a contract with a start date of April with my new rate on it. The contract was signed a week before the end of my last contract and I invoice monthly. When you invoice for October would you

a) Invoice at your old rate till date your old contract ended and your new rate from that date forwards
b) Invoice at your old rate until the date the new contract was signed and then at your new rate from that date forwards
c) Invoice at your new rate for the whole of October

I'm leaning towards B at the moment.