I have the opportunity to do some overtime and take up some bonus/incentive payments at work, however I am on the boarderline of having to pay back tax credits if I earn more this year.
My employer has stated that we have up to 4 months to claim for the overtime, meaning if I do the work now I can claim it in April's pay.
From a tax perspective would this count as earnings for this tax year (when I did the work) or next years (when I received the pay)?
Obviously I don't want to make money just to pay it back in tax credit repayments.
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