Some agencies are on the ball!

[SimonMac]

Just had an email this morning from my agent, still no determination from the client as to wether I am inside or not but...,..

For the absolute avoidance of doubt, I can confirm that all monies earned in the tax year 2019 – 2020 up until 31st March will be paid on the 3rd April, that is all that is outstanding to this date, so payment terms will be all monies earned up until 31st March paid on 3rd April, no payments up until 31st March will be paid after 6th April.

[GhostofTarbera]

Some agencies are on the ball!

Love it, reply back and ask them if they are going to pay a faster payment on the 3rd as they will miss the BACS cut of point, unless they are really really on the ball


Sent from my iPhone using Contractor UK Forum

[SimonMac]

Love it, reply back and ask them if they are going to pay a faster payment on the 3rd as they will miss the BACS cut of point, unless they are really really on the ball


Sent from my iPhone using Contractor UK Forum

At the moment they "pay" us on the Wednesday we get the money on Friday, I assume the three days BACS will be third, fourth and payment on the fifth so still before the new rules kick in.

[jamesbrown]

Love it, reply back and ask them if they are going to pay a faster payment on the 3rd as they will miss the BACS cut of point, unless they are really really on the ball


Sent from my iPhone using Contractor UK Forum

I can’t see how that matters. It’s the client (as Fee Payer until the SDS is released) that needs to apply any deemed payment and they won’t have applied it. Once the payment is sent, it’s sent, even if it’s hanging around in the system for a while.

[Manic]

At the moment they "pay" us on the Wednesday we get the money on Friday, I assume the three days BACS will be third, fourth and payment on the fifth so still before the new rules kick in.

Check the 2020 calendar.

[SimonMac]

Check the 2020 calendar.

GPWM

They pay on the Friday so the remittance comes through on the Wednesday 1st

[northernladuk]

To be fair I've spoken to more agencies than I'd like to over the last few months and on the face of it all of them seemed to have gotten a grasp of what's happening. The odd individual said some odd stuff but the process was right.