The umbrella will only pay you when the money hits their account.
Just ask you agency to pay you in April or delay sending in timesheets to April 6th.
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Reply to: Tax Year Query
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Previously on "Tax Year Query"
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Thank you. It follows then I could ask the umbrella to delay payment until the new tax year?
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Next year. It's when the payment is made, not when the work was done that counts.
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Tax Year Query
If I switch to an umbrella for the beginning of March, work all of March but don't actually get paid until after April 6, for tax purposes which tax year does the payment fall into? I've budgeted my divvis this year and don't want to inadvertently stray into higher rate.
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