Invoicing as a Sub Contractor

claret73 · Apr 27, 2010

Hi
I am about to send Invoices now I have my UTR No, to the Contractors I have been working for. I'm Sub Contracting as an Electrician's Mate. I'm not as yet aiming to make a profitable business, just this being a means of ways through CIS to getting paid.

What terms should I put for payment? 30 days or due on receipt of Invoice or less than 30??

Anything else I need to know or add to Invoice?
Cheers

AndrewMgan1976 · Apr 27, 2010

Are you invoicing weekly or monthly?

Weekly then 7 days, montly I would say 21 days.

bugsy · Apr 27, 2010

14 days less tax @20%

stevey1983 · Apr 27, 2010

depeneds on what you agreed, every company i have subbed to have invoiced weekly and paid a week in-hand, the way i do my invoices are

Total

£
CIS TAX Deduction @ 20%

£
Total Due

£

just make sure you get your cis certificate each month

andrew1 · Apr 27, 2010

claret73 said:
Hi
I am about to send Invoices now I have my UTR No, to the Contractors I have been working for. I'm Sub Contracting as an Electrician's Mate. I'm not as yet aiming to make a profitable business, just this being a means of ways through CIS to getting paid.

What terms should I put for payment? 30 days or due on receipt of Invoice or less than 30??

Anything else I need to know or add to Invoice?
Cheers

payment on receipy if poss how ever you are legaly give them 14 days and they will deduct 20% from your labour only. so parts can cost the person paying the bill any thing you want. there is moore then one way to skin the goverment...?

Spudnik · Apr 27, 2010

Agree!

Its amazing how much a double socket costs these days

AndrewMgan1976 · Apr 27, 2010

I have an invoice template that I use, if you want it, PM me

Adam W · Apr 27, 2010

AndrewMgan1976 said:
I have an invoice template that I use, if you want it, PM me

Ditto.

For each job I detail the date, description, hours, rate, price for the day.
At the bottom i total the amount before tax, then the amount after tax @ 20%, add expenses (include receipts), then the total amount I want off them.
I ask for payment by cash, BACS or cheque payable to [me] within 14 days. This is mainly as a formality - I've waited a month for payment before but this was agreed with the company so i didn't send them a reminder.