UK freelancer, Indian agency? VAT? Bank Transfers?
Thread poster: Hilary Davies Shelby

Hilary Davies Shelby
United States
Local time: 23:40
German to English
Nov 26, 2006

Hello all,

I've been approached by an agency from India, who (surprisingly) have agreed to my rate (Indian rates are usually much lower than UK ones). I've never worked for an Indian agency before, and was wondering how it worked with VAT, etc.

I'm not VAT-registered in the UK, as I don't earn enough to make it compulsory, but I seem to remember there being different rules for non-EU customers. Do i have to charge them VAT? If so, how do I do this?
Is there any difference in the way I declare this income from India to the way I declare income from the EU - or is it all just "income"? (I am a sole trader based in the UK).

Also, has anyone here had experience of receiving payments from India? Does your bank charge for these? Are there any other issues to bear in mind? Do SWIFT and IBAN numbers work?

Thanks very much for any advice!

Best,

Hilary.


Direct link Reply with quote
 

Williamson  Identity Verified
United Kingdom
Local time: 05:40
Flemish to English
+ ...
Technical term : Temporary Import Nov 26, 2006

EU-VAT-link: http://europa.eu/scadplus/leg/fr/lvb/l31006.htm
VAT is purely a EU-matter.
Technically speaking you are temporarily importing "raw material" from outside the EU, to export it again after treatment". There is no VAT to be paid on goods/services leaving the E.U.
Until now I never reacted to offers from India, for the same reason as you didn't .
IBAN/BIC are the result international contracts between banks and the SWIFT-system. Whereever you are in the world, this systems works

[Edited at 2006-11-26 18:27]


Direct link Reply with quote
 

Roy Chaudhuri  Identity Verified
India
Local time: 10:10
Member (2006)
English to Bengali
+ ...
Indian agency & UK translator. Nov 27, 2006

Dear Hillary,

Most of the large Indian agencies will have a Paypal account. Otherwise SWIFT/BIC transfer from India to other countries is very common. So either way should work out for you.

All the best

Roy


Direct link Reply with quote
 
Niraja Nanjundan  Identity Verified
Local time: 10:10
German to English
Good for you! Nov 27, 2006

Hi Hilary,

I just had a look at your profile. We work in the same language pair, but I live and work in India. The rates I charge are almost the same as yours, but Indian agencies and companies often find them too high!

Obviously, location doesn't play a very important role any more and possibly other factors such as areas of specialisation and experience are more important. One of my best clients is in Germany and does accept my rate!

Best regards,
Niraja


Direct link Reply with quote
 
Melina Kajander
Finland
English to Finnish
Bank transfer Nov 27, 2006

I have received payments from an Indian agency by bank transfer (using IBAN and SWIFT).

Yes, most UK banks do charge something for receiving foreign (Indian or otherwise) payments into your account - highway robbery, but what can you do... But of course, the country where the money's coming from doesn't normally make any difference there.

As for VAT, if you're not VAT-registered yourself (I'm not either), why worry about that..? To be honest, that hasn't even occurred to me...



[Edited at 2006-11-27 22:12]


Direct link Reply with quote
 

Hilary Davies Shelby
United States
Local time: 23:40
German to English
TOPIC STARTER
Thanks very much for all your help! Nov 28, 2006

Just wanted to say thank you all very much for your help - it's been very useful!

All the best,

Hilary.


Direct link Reply with quote
 


To report site rules violations or get help, contact a site moderator:


You can also contact site staff by submitting a support request »

UK freelancer, Indian agency? VAT? Bank Transfers?

Advanced search







TM-Town
Manage your TMs and Terms ... and boost your translation business

Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.

More info »
LSP.expert
You’re a freelance translator? LSP.expert helps you manage your daily translation jobs. It’s easy, fast and secure.

How about you start tracking translation jobs and sending invoices in minutes? You can also manage your clients and generate reports about your business activities. So you always keep a clear view on your planning, AND you get a free 30 day trial period!

More info »



All of ProZ.com
  • All of ProZ.com
  • Term search
  • Jobs