How Payments Work

Minimum rates

We set minimum rates for home and online tuition services. As a result of Owl Tutors having fixed upper margins, this means that there are minimum rates of pay for tutors as well. Our current minimum rates of pay for home and online tuition are as follows:

Minimum rates

 

Transparent Margins

Owl Tutors take up to 40% of the value of hourly rates charged to clients for the services of tutors for one to one home and online tuition. Owl Tutors operate transparently when it comes to what we charge and our tutors are always welcome to enquire about pricing on any given job. Our tutors are entitled to at least 60% of billing to clients.

Owl Tutors Payments

What do we do for our 40%

40% may seem like a large chunk of what clients pay for tuition services so we do our best to make sure that you feel that this is fair. We do the following for our 40%:

  1. Find the best clients
  2. Build your profile and brand
  3. Increase your efficiency
  4. Offer training
  5. Generate free resources
  6. Pay you on time

If you would like to know more about why your should tutor for Owl Tutors, find out more about what we do for tutors here.

 

Payment cycle

Owl Tutors operate a monthly billing cycle which means that you will be paid fees for tuition on or before the 20th of every month for tuition that took place in the previous month. You will be prompted to submit timesheets for each of your clients at the end of every month so that Owl Tutors can collate invoices for our clients. Clients will be billed at the start of the month so that we can pay our tutors on the 20th. If the 20th falls on a weekend or bank holiday, you will be paid on the last business day before the 20th.

 

Value-Added Tax

UK sales tax will be added to the overall billing for all of our clients whether home or online, based in the UK or overseas. Owl Tutors is setup as a principle rather than an agent for VAT purposes which means that we are required to currently charge 20% on top of the total hourly rate. Owl Tutors then passes this entire figure to the UK tax authorities (“Her Majesty’s Revenue & Customs”) less any VAT charges levied on Owl Tutors by its suppliers.