Over two years as a Contractor at one company

[XLMonkey]

So how come MPs can claim for all of their tenure then? Its a 5 year contract when it starts.


Sorry, ranting again...............

...cos they're supposed to have two residences -- one in Westminster, one in their constituency, plus they have a special exemption from Parliament for being much more important than normal people....

[RSoles]

And there's more....

And it gets even more interesting when you're over the twenty-four months at a site, leave and decide to go back.

I think you can claim expenses so long as less than 40% of your time is spent at the client. But how to calculate the 40%? 40% over the past 24 months? 40% of the expected contract duration?

And what happens if you start at below 40% and hit 40% during the contract duration? Does the 'from the moment you know' rule apply here as well?

Drink!

RS

[The Lone Gunman]

Surely this is wrong. If a termination happens and you have your notice period served then you should be able to claim up to the 2 years as before. The contract period is not fixed term or irreversible. Contracts are only 28 rolling day contracts in reality if a 28 day notice period is part of the terms and conditions.

A fair point, but since when did that mater to the IR?

As soon as you know you are going to hit the 2 year barrier, even if that is day 1 then you can not claim those expenses.

[Denny]

Actually i think that you can not claim from the moment you know that you will be for 2 years in a contract, for example, if you are 1.5 years in a contract and they offer you a 6 month extension and you accept, you can not claim travel expenses from the moment you accepted as you know that you will be 2 years with them

Surely this is wrong. If a termination happens and you have your notice period served then you should be able to claim up to the 2 years as before. The contract period is not fixed term or irreversible. Contracts are only 28 rolling day contracts in reality if a 28 day notice period is part of the terms and conditions.

[cojak]

Right - make my next extension for 3 months, methinks...

[BillHicksRIP]

Is that just travel expenses or travel and accommodation?

You can't claim anything at all, once you know the 2 year limit will be breached.

[BlasterBates]

So how come MPs can claim for all of their tenure then? Its a 5 year contract when it starts.

..to save you the train fare of going to London, when you go to see your local MP.

Just imagine how inconvenient it would be if you had to go to London each time you wanted to see him.

[cojak]

Is that just travel expenses or travel and accommodation?

[The Lone Gunman]

So how come MPs can claim for all of their tenure then? Its a 5 year contract when it starts.


Sorry, ranting again...............

[malvolio]

Quite right - a distinction I (and others) always forget!

[malandri]

Don't forget if you do get retained, you will have to rethink your travel expenses, since you can't claim them after two years at the same client.

Actually i think that you can not claim from the moment you know that you will be for 2 years in a contract, for example, if you are 1.5 years in a contract and they offer you a 6 month extension and you accept, you can not claim travel expenses from the moment you accepted as you know that you will be 2 years with them

[malvolio]

It's common pratice, although it has no basis in reality of course, like most things done in the name of Human Remains - you don't automagically become an employee or anything, although, thanks to misguided prats like Dacas and Muscat, it might be a bit harder to prove that you aren't an employee to Hector and friends. So it's probably time to move on.

Don't forget if you do get retained, you will have to rethink your travel expenses, since you can't claim them after two years at the same client.

[jonhoops]

Yeah, this is quite common. Any longer than 2 years and they can't justify having a contractor. After all, if the role has been around for 2 years they 'should' have hired a permie. They justify contractors by saying it'll just be a 6 month project. However, if you are forced to leave you will prb be allowed back 6 months later to stay for another 2 years.

[ratewhore]

This will be policy for this banking institution.

[sospangar]

I am coming up to two years at a Banking Institution and somebody in HR mentioned that two years is the maximum they can have a person on contract. I have not heard of this as I have had over two year contracts before. Is this a general contracting issue or is just something to do with my banks contracting rules.

Any information would be gratefully received