Form P45

A form provided by your previous employer upon leaving.

What is a P45?

A P45 is a form that you receive from your previous employer when you finish your employment within a tax year. This document contains crucial information such as your employee details, total gross pay to date, tax paid to date, and the leaving date. The P45 essentially serves as proof of your income and tax contributions during your employment.

How is a P45 used on my tax return?

When filing your tax return, you will need to provide information from your P45, such as your total earnings and the amount of tax you have already paid. This information is used to calculate your tax liability for the year. It is important to keep your P45 in a safe place as you may need it when filing your tax return or for future reference.

Will a new employer require my P45?

When changing employment within a tax year, your new employer will typically require your P45 as it provides important information about your previous employment and tax contributions. It helps your new employer accurately calculate your tax deductions and ensure that you are placed in the correct tax code. Therefore, it is crucial to provide your P45 to your new employer to avoid any potential issues with your tax withholdings.

What are the different parts of a P45?

A P45 form consists of four parts: Part 1, Part 2, Part 3, and Part 4. Each part serves a specific purpose.

• Part 1A is for the employee's new employer and should be given to them when starting a new job.
• Part 1B is for the employee's own records.
• Part 2 is sent to HMRC to notify them of the employee's departure and should be kept by the employer.
• Part 3 is for the employee's records and should be kept by them.
• Part 4 is a copy of Part 1A and should be returned to the employee for their own records as well.