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Worked 2020, Paid 2021-Which credits are used?

  • 04-01-2021 5:09pm
    #1
    Bassboxxx
    Registered Users, Registered Users 2 Posts: 608 ✭✭✭


    Hi,

    As the title says, I started working in Dec 2020 but due to 2 back weeks I am getting paid half the month in 2021.
    As I was studying last year I didn't use any of my tax credits, so it would be in my benefit to have got paid in 2020 for the work.
    Is there any was around this, or is it a simple case of you get taxed when you get paid?


Comments

  • #2
    wally1990
    Registered Users, Registered Users 2 Posts: 1,230 ✭✭✭wally1990


    Bassboxxx wrote: »
    Hi,


    As the title says, I started working in Dec 2020 but due to 2 back weeks I am getting paid half the month in 2021.
    As I was studying last year I didn't use any of my tax credits, so it would be in my benefit to have got paid in 2020 for the work.
    Is there any was around this, or is it a simple case of you get taxed when you get paid?

    I'm an accountant

    Due to PAYE moderation your credits used will be the month or week you are paid in so 2021 is the answer

    As a PAYE worker there is no way to retrospectively use old allowances regardless of when the money was earned so 2021

    Sorry to break the bad news,


  • #3
    Bassboxxx
    Registered Users, Registered Users 2 Posts: 608 ✭✭✭Bassboxxx


    wally1990 wrote:
    Sorry to break the bad news,


    I figured as much, just wanted to make sure. Thanks for the reply.


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