Hi,
I have recently started contracting again.
I am registered with an umbrella company and have been contracting since mid September '08.
I have just been sent an HMRC P91 Form.
I now what the form is for and how to complete most of it, except the "Weekly income before stoppages" relating to my current contract.
My contract is shift work and I am paid a rate per 12 hour shift, rather than a specific hourly rate. As with 12 hour shifts, the number of shifts varies depending upon the month, which means my monthly earning vary slighlty month to month.
I invoice and get paid by my umbrella company monthly and do receive a payslip.
My question is, what figure do I put down on the P91 for for weekly earnings before stoppages?
Should it be the total of my monthly invoice (before VAT is added) or should it be the figures on my monthly payslip which are effectively my gross earnings before tax (Basic pay + Holiday Pay + Umbrella Company Commisson)? I understand the Gross pay is calculated to keep the gross pay to a minimum and thus reduce tax.
If it is my gross earning before tax, how do I then workout from this what my weekly earnings would be, given that the total is always slightly different, dpending upon shifts worked etc.?
If anybody has encountered this before, or can offer some guidance it would be very much appreciated.
Thank you
I have recently started contracting again.
I am registered with an umbrella company and have been contracting since mid September '08.
I have just been sent an HMRC P91 Form.
I now what the form is for and how to complete most of it, except the "Weekly income before stoppages" relating to my current contract.
My contract is shift work and I am paid a rate per 12 hour shift, rather than a specific hourly rate. As with 12 hour shifts, the number of shifts varies depending upon the month, which means my monthly earning vary slighlty month to month.
I invoice and get paid by my umbrella company monthly and do receive a payslip.
My question is, what figure do I put down on the P91 for for weekly earnings before stoppages?
Should it be the total of my monthly invoice (before VAT is added) or should it be the figures on my monthly payslip which are effectively my gross earnings before tax (Basic pay + Holiday Pay + Umbrella Company Commisson)? I understand the Gross pay is calculated to keep the gross pay to a minimum and thus reduce tax.
If it is my gross earning before tax, how do I then workout from this what my weekly earnings would be, given that the total is always slightly different, dpending upon shifts worked etc.?
If anybody has encountered this before, or can offer some guidance it would be very much appreciated.
Thank you
