Originally posted by threaded
View Post
- 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!
Reply to: Late payment excuse
Collapse
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.
Logging in...
Previously on "Late payment excuse"
Collapse
-
-
Originally posted by threaded View PostThere should really be a sticky thread about the sequence of events to follow in the UK, what you should write, which forms to set to the court etc..
Leave a comment:
-
Originally posted by oversteer View PostI might see if ClientCo will let me know if any other contractors use the same agency. It's complicated by the fact it was only a short contract which is over now..
There should really be a sticky thread about the sequence of events to follow in the UK, what you should write, which forms to set to the court etc..
Leave a comment:
-
I might see if ClientCo will let me know if any other contractors use the same agency. It's complicated by the fact it was only a short contract which is over now..
Leave a comment:
-
Hey, I've a client claiming that ESA (the European Space Agency) is having problems paying their bills.
Leave a comment:
-
Originally posted by oversteer View PostYeah, I'm certainly in agreement. The agency has blamed their bank for the delay.
The first week's payment is now overdue by a week, which I believe breaches the 14 day payment term in the contract.
At some point, do I consider invoicing ClientCo directly?
Tell the agency that as they are now in breach of contract you intend to institute legal proceedings - this will make it clear that you will accept no backsliding on this matter. If they are in "a little temporary difficulty", they'll pay troublemakers first to avoid getting a black mark on their credit rating. Also tell them that unless payment is received you will have no option but to withdraw your services from the client, and will of course have to explain to the client why you are doing so.
If that doesn't work, go ahead and tell the client that it won't be possible for you to provide your services through that agency any more, as they are in financial difficulties, but that you would be willing to work for them under a new contract, either direct (if the agency is in breach then the handcuff clause is void) or through an alternative agency.
The end client probably won't want to continue dealings with a failing agency, particularly if they have more than one contractor working through it, so the agency will probably cough up to avoid you saying anything to the client. If they can't cough up, at least you know where you stand, and the client will hopefully be grateful to you for giving them the inside track on the situation before they send good money after bad.
If it becomes necessary to get another agency involved to re-contract, the client may be able to put the squeeze on the new agency's margin so as to ensure that you ultimately don't lose out over the duration of the contract even if the first agency goes bust owing you money. That way it doesn't end up costing either you or the client anything, and the second agency will just have to bite the bullet over the low margin on your contract in the hope of getting the ongoing business that would previously have been given to the first agency.
Of course I've just got back from the pub, so all this could be absolute rubbish of the most unworkable kind
EDIT: Ooh, my 5005 post - I'll have a to go with that palindromic number
Leave a comment:
-
Yeah, I'm certainly in agreement. The agency has blamed their bank for the delay.
The first week's payment is now overdue by a week, which I believe breaches the 14 day payment term in the contract.
At some point, do I consider invoicing ClientCo directly?
Leave a comment:
-
Originally posted by oversteer View PostDo any banks routinely hold payments to new payees due to "money laundering" regs?
I have been told that my first week's payment has been held back for this reason, following a successful transfer of £500 the account will be 'unlocked' and I will receive payments for the full amount.
Anyone heard this before?
Erm, the cheque's in the post in other words!
What a load of bollocks. The agency is holding your money back!
Leave a comment:
-
Originally posted by oversteer View PostDo any banks routinely hold payments to new payees due to "money laundering" regs?
I have been told that my first week's payment has been held back for this reason, following a successful transfer of £500 the account will be 'unlocked' and I will receive payments for the full amount.
Anyone heard this before?
The banks are obliged to conduct money laundering checks on their own customers before they can allow that customer's account to be operational but to whom the customers make payments is not really any of their business.
Besides, I fail to see what a successful transfer of £500 would prove for money laundering purposes so I think you are being told porkies.
Leave a comment:
-
Oh dear.
Is it the agency that has told you there is a problem, or the bank? If the former, start getting very worried.
Leave a comment:
-
Certainly seems like this is "cheque is in the post" for the BACS/Faster Payments era.
Mind you, this is an agency now with three weeks of my money.. despite guarantees that "£xx,000 of other payments went out just fine on the same day"...
Leave a comment:
-
Originally posted by oversteer View PostDo any banks routinely hold payments to new payees due to "money laundering" regs?
I have been told that my first week's payment has been held back for this reason, following a successful transfer of £500 the account will be 'unlocked' and I will receive payments for the full amount.
Anyone heard this before?
If so, you might want to hold off on that Western Union money transfer...
Leave a comment:
-
Originally posted by oversteer View PostDo any banks routinely hold payments to new payees due to "money laundering" regs?
I have been told that my first week's payment has been held back for this reason, following a successful transfer of £500 the account will be 'unlocked' and I will receive payments for the full amount.
Anyone heard this before?
Leave a comment:
-
Late payment excuse
Do any banks routinely hold payments to new payees due to "money laundering" regs?
I have been told that my first week's payment has been held back for this reason, following a successful transfer of £500 the account will be 'unlocked' and I will receive payments for the full amount.
Anyone heard this before?Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: