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D15
12th July 2012, 18:10
I've recently had to put two months invoices through parasols pay run and noticed that I've been charged a high amount of employers NI ....

Question is by submitting two months invoicing in one go do I end up loosing out?

SimonMac
12th July 2012, 18:17
I've recently had to put two months invoices through parasols pay run and noticed that I've been charged a high amount of employers NI ....

Question is by submitting two months invoicing in one go do I end up loosing out?

It should balance out at the end of year, when they notice you have paid too much

D15
12th July 2012, 18:25
It should balance out at the end of year, when they notice you have paid too much

Cheers, that's what I thought. Will they just adjust it as I go along? Or will I receive a tax refund in a lump sum?

Nixon Williams
12th July 2012, 18:37
I've recently had to put two months invoices through parasols pay run and noticed that I've been charged a high amount of employers NI ....

Question is by submitting two months invoicing in one go do I end up loosing out?

For non-directors (as users of umbrella's) then NIC is calculated on a weekly/monthly basis on a non-cumlative basis.

Therefore the high amount of NIC paid will not be recovered. Speak to your umbrella as there maybe something you have missed, but based on the details you have posted, this will not be recovered.

Income tax is cumulative and would be recovered, NIC is not, unless you are a director.

Alan

D15
12th July 2012, 18:51
For non-directors (as users of umbrella's) then NIC is calculated on a weekly/monthly basis on a non-cumlative basis.

Therefore the high amount of NIC paid will not be recovered. Speak to your umbrella as there maybe something you have missed, but based on the details you have posted, this will not be recovered.

Income tax is cumulative and would be recovered, NIC is not, unless you are a director.

Alan

So by putting two invoices through at once I'm loosing the ability for the umbrella company to use their Employers NI allowance (£624) on both invoices.. Correct?

Hmmmm ok to help things going forward....

I have the following invoice to submit ... Dates from ..

28 may > 30 June

If I put this invoice in tomorrow will I then have to wait a month to put in my July invoice so I don't get charged too much employers NI? Looking at my payslip for 30 jan > 30 mar there was a double payment and I was charged more employers NI than I expected. I need to prevent this from happening again!

LisaContractorUmbrella
13th July 2012, 08:32
Your umbrella company should be able to advise you of the invoicing requirements of your agency and also their payment terms which means you should be able to judge when to put through your timesheet

HTH