29th January 2009, 09:46 PM
Seems like you have a problem...
I am very very aware about how it works. (I actually talked to the Tax Officer) - you can however use the website and go through the checklist.
It is interesting you use the plumber example.. as you are not actually employing the Plumber... you are paying for a specific job to be done. All that matters is the job is done to a satisfactory level.. therefore Plumber A.. might be busy and go off, sending Plumber B to complete the job... as long as the requirement of the work that have been agreed are met... all is well and you pay the agreed sum...
if the work is not done you can ask for it to be redone until the agreed work has been carried out...
if you employed him, the set rate would be meaningless.. as you would keep paying until the job was complete.
You are quite right that both day rates and fixed rates are acceptable.. (I use both as well) my rates are my rates... if you as a client don't like them, then thats up to you... sometimes I get the.. "I only have this much" what can you do for that....
We return to the figure of 60 quid... so.. for a self employed person accepting 60 quid.. lets see where it takes us? in fact you do not have to go far to realise that even the loss of holiday pay is enough to take you below the minimum levels that both the IfA and BAJR see as the bottom line.
I would recommend looking at this
http://www.hmrc.gov.uk/manuals/esmmanual/ESM0500.htm
here is a sample
I am all for self employment.. HOWEVER
if you are told you are self employed... put on a contract that you sign, cos it has pages of big words, written by a smartish legal person... if you accept 60 quid a day or even 70... even 80... then you are shafting yourself.
Question Jack... would you... as a self employed individual accept 60 quid a day? Yes or No
?When a sinister person means to be your enemy, they always start by trying to become your friend.?
William Blake
I am very very aware about how it works. (I actually talked to the Tax Officer) - you can however use the website and go through the checklist.
It is interesting you use the plumber example.. as you are not actually employing the Plumber... you are paying for a specific job to be done. All that matters is the job is done to a satisfactory level.. therefore Plumber A.. might be busy and go off, sending Plumber B to complete the job... as long as the requirement of the work that have been agreed are met... all is well and you pay the agreed sum...
if the work is not done you can ask for it to be redone until the agreed work has been carried out...
if you employed him, the set rate would be meaningless.. as you would keep paying until the job was complete.
You are quite right that both day rates and fixed rates are acceptable.. (I use both as well) my rates are my rates... if you as a client don't like them, then thats up to you... sometimes I get the.. "I only have this much" what can you do for that....
We return to the figure of 60 quid... so.. for a self employed person accepting 60 quid.. lets see where it takes us? in fact you do not have to go far to realise that even the loss of holiday pay is enough to take you below the minimum levels that both the IfA and BAJR see as the bottom line.
I would recommend looking at this
http://www.hmrc.gov.uk/manuals/esmmanual/ESM0500.htm
here is a sample
Quote:quote:Fixed-price tendering is linked to financial risk. However, where it is claimed that payment is by way of an agreed price/pricework you need to establish that the basis of payment is a genuine fixed price agreement for the completion of the works and is not an agreed ?price? which has been set or imposed by the engager in relation to measured work or that the ?price? is no more than an agreed and set hourly rate.I would like to make it clear one more time...
I am all for self employment.. HOWEVER
if you are told you are self employed... put on a contract that you sign, cos it has pages of big words, written by a smartish legal person... if you accept 60 quid a day or even 70... even 80... then you are shafting yourself.
Question Jack... would you... as a self employed individual accept 60 quid a day? Yes or No
?When a sinister person means to be your enemy, they always start by trying to become your friend.?
William Blake