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Chit Chat
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If a company changes its salary payment date to employers from the end of the month to the 7th of the following month, thus paying them around five weeks, is that ok? Only it has resulted in effectively a tax allowance month being stolen after moving to a new job where the first payment was on the 25th of the same month, as the 7th of the month payment from the previous job. All in all, down about £900, is the previous company liable?
Thanks.
Thanks.
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As the 7th of the month payment from the previous job falls in the same month as the first payment from the new job. If that makes sense.
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I can't be the one to post next, come on chit chatters, where are you, lets be avin you.
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You do not lose out on income tax as with your tax code it all gets worked out correctly by the end of the tax year. You should not lose out on National Insurance too if you have change employment unless they pay you several weeks pay in one week.
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surprinsingly sensible
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I wanted to give you some relief from my tax jokes.
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Three certainties: death, taxes and Crisp's puns
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I think the problem has occurred due to the change of date with previous employer. The change from the 28th to the 7th seems to be the issue, and the advice I've been given to this stage seems to be that my the employer is in the wrong. It saved them lots, and now I'm paying an extra £900 in tax. May be off the mark though,
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It's all about how much you earn in the tax year ... month by month net pay might get a bit lumpy but gets sorted out after the end of the tax year ... gross earnings in tax year, minus tax allowances for tax year = tax due for tax year less amount of tax already paid (through PAYE) during tax year.
Trust me, I'm an accountant (well I was but now make my living gambling ... err making judicious investment in the racing world). |
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Cheers for the reply meme, when do you think I will get my £900 back? At the end of the tax year? As the accountants at work are telling me I won't be getting it back, and it's due to the change of pay date. Effectively I've been taxed an extra £900 due to being paid on the 7th and 25th of this month. Not being paid from say the 28th of August until the 7th October causes a problem, when you change jobs. The change of payment date at the previous job was about 18 months ago. Thanks.
Oh and well done for making it PAYE at this game, if you have the answer to that, you can forget any previous questions. Cheers. |
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Meme, does the 11 payments I received in the tax year when they changed the date as opposed to the 13 payments I'm receiving this tax year make a difference? Cheers
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Vatour,
it's the total amount you get paid in the tax year that counts - not when you earn it. So if 1 tax year you get 13 salaries and the next tax year only 11, then it hurts. If your employers/ex-employers screwed things up speak to HMRC and ask them. But I think you've got a better chance of winning on here! And if you're really interested have a look at this www.layhorses2win.co.uk ... everybody else ignore - I'm not spamming so don't complain. |
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Cheers meme, do you think my previous employers have a legal obligation to pay me 12 times instead of 11 within a tax year? Or do you think it's more morally wrong? As it is the 11 payments instead of 12 that has cost me the money?
I will look into it via HMRC and I will also look a the lay site. Cheers, again. |
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Vatour,
need to look at your employment contract and see what that says about when salary is paid, and if it's 1/12 on 1st of each month for example, etc. Also if you've been paid regularly on a set date then they've established a custom, so unless your contact can be unilaterally varied by them then you might get somewhere - but probably not  . They (if they're big company, will have got lawyers to look at it. Might be in with a shout if smallish company. Good luck. BTW my recollection of employment law is a bit hazy and might be out of date, but principles should hold. |
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It won't make any difference unless it was around the end of a tax year and the extra payment pushed you into a higher tax band for the later tax year.
Is your tax code right? Have you passed on your P45 to your new employer? |