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Payroll - which tax year?

Payroll timing.

A new client has set up payroll to pay staff 10 days after the moth end.

This means March will be paid on 10th April.

This pay is recorded as 19/20 pay isn't it? (for PAYE purposes - not accounting)

 

 

 

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12th Apr 2019 10:09

Yes.

Date of payment is king.

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By thomas
to lionofludesch
12th Apr 2019 10:14

lionofludesch wrote:

Yes.

Date of payment is king.

Thank you. A moment of doubt...….

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to thomas
12th Apr 2019 10:30

Ah, yes. John 20 24-29

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By PBH64
to lionofludesch
12th Apr 2019 10:58

Unless the payer or recipient chooses to delay the payment or the more complicated rules for a director. S686 ITEPA 2003

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By thomas
12th Apr 2019 17:59

Follow up question - if the hours were worked in March but paid after 5th April, is it still ok to use March's national minimum wage rates?

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to thomas
12th Apr 2019 18:01

Aye.

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to thomas
13th Apr 2019 18:26

Not only is it ok to use the March NMW amounts, this is the correct way to do it. NMW is based on relevant earnings periods, as opposed to date of payment (contrary to the PAYE rules as above).

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12th Apr 2019 19:27

Poor wee moth.

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17th Apr 2019 11:49

Surely if the 10 April payday relates to money earned in March then it is 18/19 when 18/19 pay rates will also apply

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