Tax Year Deadline: Invoice or Payment Date?

[the_escapea]

Hi - I worked for just 4.5 days back in January and, as this is the only work I have done this tax year (nice holiday ) I am obviously keen to make sure that this payment is classed as within this tax year.

I have not yet received payment, and may not get this until Friday (i.e. in the 06/07 tax year) although the work was done and invoiced for within 05/06 tax year. I am using an umbrella to collect the payment, hence they will pay NI & tax direct.

So, please can anyone advise: will this fall into this tax year even if I am not paid until next year as the work was done in Jan/invoiced this tax year? Can I do anything to ensure it does fall in this tax year (like get the umbrella to back date)?

Any advice gratefully received...!

[Lucifer Box]

The tax point date is the date on the invoice.

[the_escapea]

Is that the case even if I am using an umbrella? And is that the invoice date of the invoice the umbrella sends to the recruitment agent on my behalf? Thanks!

[boredsenseless]

Is that the case even if I am using an umbrella? And is that the invoice date of the invoice the umbrella sends to the recruitment agent on my behalf? Thanks!

Are you using an umbrella to paye you as just PAYE? If so then no it will be taxed in whatever year it is paid to you

If you use a managed service then technically the dividen part can come from this year but the Minimum wage pseudo-employment part will be taxed in the year it is paid. Obviously this is a head-hurt calculation to perform so you might find that they process it all as next year income

[the_escapea]

Thanks - I was worried that might be the case... Is there anything I can get the umbrella to do (like back-dating anything) to prevent this? Or is it a case of me paying to have payment chaps'd to me tomorrow?