Please see below for details of the standard 2021 Contractor Payment Schedules. Please read this very carefully. Full instructions for submitting your timesheets was sent to you with your original contract documentation but please contact us if you require another copy or any clarification. Some clients may have different deadlines and you will have been informed of these separately.
This is the date by which we must receive all authorised timesheets, invoices (and expenses where relevant) for the specified period. The deadline is strictly 4pm. Any timesheets, authorisations or invoices received after that cut off time will NOT be included in that week’s payment run.
If you are signed up for self billing we will send you a self bill invoice relating to the value of the payment that you will receive. This will be raised once your submitted timesheet has been approved. If you claim expenses then these will also generate an invoice once approved. You may receive more than one invoice if your time and expenses are approved separately.
If you are not signed up for self billing we will send you an advice note relating to the value of the invoice that you need to submit. You may get separate advice notes relating to time and expenses. These are raised once your submitted items have been approved. Your invoice must be sent to email@example.com by the submission deadline.
This is the last, valid for inclusion, working day of the month.
This is the date that funds should credit your Limited Company bank account (providing your authorised timesheets and invoices were received prior to the submission date).
Any authorised timesheets and expenses missing the deadline will be included in the payment run the following week. They will have to be received by 4pm on the following Friday and will credit your Limited Company Account on the Friday of the subsequent week. It is your responsibility to ensure that the approvals are gained in time.
Please note that we only raise/accept calendar monthly invoices. Each monthly invoice will cover the periods below.
|Month||Period End||Submission Deadline||Funds Credit|
|January||31 / 01 / 2021||05 / 02 / 2021||12 / 02 / 2021|
|February||28 / 02 / 2021||05 / 03 / 2021||12 / 03 / 2021|
|March||31 / 03 / 2021||07 / 04 / 2021||14 / 04 / 2021|
|April||30 / 04 / 2021||07 / 05 / 2021||14 / 05 / 2021|
|May||31 / 05 / 2021||07 / 06 / 2021||14 / 06 / 2021|
|June||30 / 06 / 2021||07 / 07 / 2021||14 / 07 / 2021|
|July||31 / 07 / 2021||06 / 08 / 2021||13 / 08 / 2021|
|August||31 / 08 / 2021||07 / 09 / 2021||14 / 09 / 2021|
|September||30 / 09 / 2021||07 / 10 / 2021||14 / 10 / 2021|
|October||31 / 10 / 2021||05 / 11 / 2021||12 / 11 / 2021|
|November||30 / 11 / 2021||07 / 12 / 2021||14 / 12 / 2021|
|December||31 / 12 / 2021||07 / 01 / 2022||14 / 01 / 2022|