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Order the new forms from the Employer Orderline (see below) as the old style P45s are no longer valid.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