Hi everyone, I've been a lurker here for a few days, so now it's time to be polite and step out into the light
first off, I've learnt so much from the main site and these forums, so a massive thank you to everyone concerned. After many years as a permy in software development, I've decided to take the plunge and contract my services out. I've decided that I need to form a limited company, have a short list of accountants to research, will probably need a VAT number, and still keep coming up with new questions. I couldn't find a specific answer, so hopefully I'm not posting a duplicate questions here.
Assuming I land a contract, when I submit a timesheet/invoice:
If I'm contracting direct to the company, and my day rate is agreed at £300, I assume that £300 is inclusive of VAT, or does that get charged on top, and the company and myself then claim this back?
If I'm contracting via an recruiter who has placed me at said company, do they pay me based upon my submitted timesheet/invoice, or does the company I am contracted to do this?
Really sorry if this is one of those facepalm questions!
Thanks in advance for any advice/flames
Tapir.
first off, I've learnt so much from the main site and these forums, so a massive thank you to everyone concerned. After many years as a permy in software development, I've decided to take the plunge and contract my services out. I've decided that I need to form a limited company, have a short list of accountants to research, will probably need a VAT number, and still keep coming up with new questions. I couldn't find a specific answer, so hopefully I'm not posting a duplicate questions here.
Assuming I land a contract, when I submit a timesheet/invoice:
If I'm contracting direct to the company, and my day rate is agreed at £300, I assume that £300 is inclusive of VAT, or does that get charged on top, and the company and myself then claim this back?
If I'm contracting via an recruiter who has placed me at said company, do they pay me based upon my submitted timesheet/invoice, or does the company I am contracted to do this?
Really sorry if this is one of those facepalm questions!
Thanks in advance for any advice/flames
Tapir.
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