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March salary received after 5 April: Which taxyear

If march salary received after 5 April and tax year it will be considered for tax. old or new?

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If march salary received after 5 April and tax year it will be considered for tax. old or new?

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By Matrix
12th Dec 2019 20:07

In which month was it reported on an RTI submission?

If you don’t trust your accountant then get a new one, usually your accountant would help with these questions, that is why you pay them.

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By SXGuy
12th Dec 2019 20:41

Your question doesn't really make things very clear.

Is after the 5th April the actual pay date or has your employer paid you late?

When you worked those hours you were paid for is not really relevant.

You could have been paid in April for hours worked in March, it's still the new tax year since its based on the payment date not working month.

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By lesley.barnes
12th Dec 2019 21:07

If this is for your self assessment tax return you need to use your P60 for the tax year in question.

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By paul.benny
13th Dec 2019 08:24

Or are you just trying to evade tax by artificially manipulating payment dates?

Asking such questions on a public forum is perhaps unwise.

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By Matrix
13th Dec 2019 08:41

I think this is a DIY limited company so there won’t be a P60.

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By amit2453
13th Dec 2019 09:12

Let me explain the situation. I am moving from Ltd company to Umbrella company. Now my agency will pay to Umbrella on 10th of next month and I will get paid by 12th of each month. That means I will get paid in April for march so in that case I can adjust my dividend for current tax year accordingly. Not trying to evade tax but just better planning by knowing the correct rules.

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By SXGuy
13th Dec 2019 09:46

And that's why your question makes no sense. You talk of adjusting a dividend but your question relates to pay date as in a salary.

I say again. Speak to your accountant. You clearly have no idea what your asking.

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By Matrix
13th Dec 2019 09:56

I understand what he is asking (now, not much effort went into the original post so he doesn’t really deserve any replies).

The date on the payslip is the relevant date.

You mean dividends from your old PSC? Again, have you not approached your accountant about shutting this down?

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By Tax Dragon
13th Dec 2019 09:58

Apply the cash basis.

This time, you'd be right.... BUT WITH THE PROVISO that directors are treated as receiving salary at the earliest of various dates (labelled A to E, IIRC).

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Replying to Tax Dragon:
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By Matrix
13th Dec 2019 10:17

But the April pay won’t be on the P60 from the umbrella company?

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Replying to Matrix:
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By Tax Dragon
13th Dec 2019 10:48

My comment was made without sight of the comment mentioning the umbrella company. I'm not sure whether it was Aweb, my computer, my eyes or my mind playing games with me - whichever, I thought my comment would be the third on this thread!

So... I acknowledge my comment was responding to the wrong question (as I hadn't seen the right one). It therefore adds nothing and can be ignored.

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By kestrepo
16th Dec 2019 09:58

Your payment in April from the umbrella company will be classed as being in the tax year 2020/21.

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By The Dullard
16th Dec 2019 14:51

ITEPA 2003, s 18 seems perfectly clear.

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