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Tax/Social Security: New P45 forms

19 January 2012 |

HMRC has introduced a new form P45 which
must be used to record details of employment that have come to an end
on or after 6 April 2009.  The new form is larger, A4 rather than A5,
and incorporates new fields in which to record the employee’s date of
birth and gender.  HMRC has commented that the changes will make it
easier to match an employee’s information and records and should reduce
the number of queries made to employers.

Purpose of P45 forms

Employers complete a P45 form whenever
a contract of employment comes to an end.  The form is a record of the
tax and pay already deducted in the current tax year and enables any
new employer to set up its payroll accurately.  The P45 consists of
four parts; employers submit part 1 to HMRC and the other three parts
to the employee.

Action required

Order the new forms from the Employer Orderline (see below) as the old style P45s are no longer valid.

Resources

Employer Orderline
HMRC press release
The new P45 form

For further information please contact us.

Disclaimer

Content
is for general information purposes only.  The information provided is
not intended to be comprehensive and it does not constitute or contain
legal or other advice.  If you require assistance in relation to any
issue, please seek specific advice relevant to your particular
circumstances.

Disclaimer

Content is for general information purposes only. The information provided is not intended to be comprehensive and it does not constitute or contain legal or other advice. If you require assistance in relation to any issue please seek specific advice relevant to your particular circumstances. In particular, no responsibility shall be accepted by the authors or by Abbiss Cadres LLP for any losses occasioned by reliance on any content appearing on or accessible from this article. For further legal information click here.

Circular 230 disclosure

To ensure compliance with requirements imposed by the IRS and other taxing authorities, we inform you that any tax advice contained in this article (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

The author


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