PayPerShop Forum

Hi


One of my clients operates a weekly payroll. Monday is pay day for the previous Monday to Friday. For the pay day Monday 7th April, do I treat this as 2007/2008 or 2008/2009? As pay day is in the new financial year I assume I treat as Week 1 of the new financial year but I suddenly thought hang on pay day may be in the new financial year but all pay will relate to work done in the 2007/2008 tax year!

Your views would be appreciated!

Kim

Welcome to the Forum and thank you for posting your question.

We have recently had quite a discussion on this subject and you can read all about it at http://www.paypershop.com/phpBB2/tax-pe ... -t533.html

However, the simple answer to your question is that the tax year is determined by the payday, not by when the work was performed. Monday, 7 April is in the 2008/09 tax year, so the pay calculation is for week 1 of 2008/09.

Hi Ian

Thanks for that, I thought that was the case but just wanted to check!

Kim