Hi all, apologies if this is the wrong place to post this.
When I am receiving my expenses after submitting them to my agency and it is paid to the umbrella company, the amount I receive back is minus the VAT amount. It seems to me that the company I am working for are paying the net amount plus VAT to the agency who are then paying the net amount plus VAT to my umbrella company who then just give me the net amount. Is this correct? It feels like I am basically paying the 20% direct to the umbrella company (as well as the GIANT fees).
Apologies if this is a stupid question but I am new to contracting and it feels ridiculous that I should be out of pocket for having to travel for work.
When I am receiving my expenses after submitting them to my agency and it is paid to the umbrella company, the amount I receive back is minus the VAT amount. It seems to me that the company I am working for are paying the net amount plus VAT to the agency who are then paying the net amount plus VAT to my umbrella company who then just give me the net amount. Is this correct? It feels like I am basically paying the 20% direct to the umbrella company (as well as the GIANT fees).
Apologies if this is a stupid question but I am new to contracting and it feels ridiculous that I should be out of pocket for having to travel for work.
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