Each week visitors to Tax Fix ask us questions about P45s. Our tax experts have compiled a number of the most frequently asked questions and answers:
What is a P45?
A P45 is a tax document which is given to you by your employer after you have stopped working or are made redundant.
What does a P45 show?
Your P45 will show the following information:
- Your PAYE reference number
- The tax code you were on
- Your national insurance number
- The date you finished working for your employer
- Your income for the tax year
- The amount you paid in tax in the tax year
Why is there more then one part to my P45?
A P45 has four parts; however you may only see 3 because your employer will retain and send the first part to the Inland Revenue. When you start a new job you should give Part 2 and Part 3 to your new employer. You should keep the remaining part (1A) for your own records.
What if I have lost my P45 or am not given one?
Your employer is required by law to give you a P45 and should do so automatically. If you have lost your P45 you can ask your former employer for a statement of earnings which is a sufficient replacement when claiming a tax refund. You can also download a form P46 to give to your new employer so you are not put on an emergency tax code on your new job.
How do I know if I am due a tax refund?
There should be a tax figure and an income figure on your P45 or statement of earnings. Input these amounts into our tax rebate calculator and it will calculate whether you are due a tax rebate.
What if I do not want to or am unable to get my statement of earnings?
We can help you apply for a tax rebate from the Inland Revenue even if you do not have all your P45s or P60s. We can obtain a maximum of two statement of earnings from previous employers.