Agency Payments Question

[anish]

Hi,

I have just been in talks with my agency about dealing with them as me as a ltd company. They have just told me this is not a problem, however they have a 60 days net payment policy on invoices.

Is this normal?

Thanks in advance.


Regards,


Anish

[Turion]

Hi,

I have just been in talks with my agency about dealing with them as me as a ltd company. They have just told me this is not a problem, however they have a 60 days net payment policy on invoices.

Is this normal?

Thanks in advance.


Regards,


Anish

No, that is a very long period for an EB to settle invoices. Normally it's 7 or 14 days from invoice. Maybe 31, but not usually more

[Tingles]

Who is it?


T

[anish]

Yes either that is my option or i deal with their sub agency who can pay weekly, but problem there is there comission cut = less pay for me. In a dilemma.

And also with regards to IR35 i have read not only the contract from my agency to me must be compliant, but also the contrct from agency to their supplier and so forth has to be compliant too, cany anyone shed more light on this?

this is the nasty tree im in.

Client --->Agency1 --->Agency2 -->Agency3 --> Me