Submitting two months invoice in one go... Submitting two months invoice in one go...
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  1. #1

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    Default Submitting two months invoice in one go...

    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?

  2. #2

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    Quote Originally Posted by D15 View Post
    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
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

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    Quote Originally Posted by SimonMac View Post
    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?

  4. #4

    Fingers like lightning

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    Quote Originally Posted by D15 View Post
    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

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    Quote Originally Posted by Nixon Williams View Post
    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!
    Last edited by D15; 12th July 2012 at 18:56.

  6. #6

    Umbrella Queen

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    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

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