Tax Code query & P45/60

74jax

If this is on the wrong board, please let me know, I couldn't decided the correct place to put this.

I worked for Halifax Estate Agents and this was sold to LSL this year. The date of transfer was January 15th 2010 and we were employed by LSL for 1 week after that and were made redundant by them on 22nd January 2010.

I was extremely fortunate to find a job to start directly after my redundancy and so have had continuous employment this year.

I haven't recieved a p45 from Halifax, will I be due one? I have received one from LSL listing my 1 week's pay with a pay code of BR. However I have no record whatsoever of all my pay and tax paid for the full year (other than final payslip) from Halifax.

I have filled out a form in my new work stating i do not have a P45 and now have a tax code with my new company.

Halifax have paid me an additional payment in Feb, which I recieved a letter for saying it was due to outstanding bonus. I have now recieved a payslip for this with again the tax code BR.

Does the tax I have paid sort itself out at the end of the year or are there any forms I need to fill in so that I can show the full year's tax I have paid?

Thanks

fengirl_2

Code BR will be correct on the additional earnings, assuming you are a basic rate taxpayer.
The tax code with your new company, is it 647L week 1, or 647L cumulative?

74jax

It's 647L 1,is this right?

fengirl_2

No, its not right, you are on emergency code. YOu need a P45 from Halifax for the period of actual employment. We are now very near the end of the tax year, so I fear you are not going to sort this out and may need to resort to making a claim to the tax office once you get your P60.

AirlieBird

fengirl wrote: »

No, its not right, you are on emergency code.

It's impossible to tell if someone is on the emergency tax code from just looking at their tax code. The emergency tax code is always the standard tax code of 647L. Just because it's not cumulative does not mean it's an emergency tax code.

zygurat789

AirlieBird wrote: »

It's impossible to tell if someone is on the emergency tax code from just looking at their tax code. The emergency tax code is always the standard tax code of 647L. Just because it's not cumulative does not mean it's an emergency tax code.

Emergency code is 647L M1 or 647L W1

jem16

zygurat789 wrote: »

Emergency code is 647L M1 or 647L W1

I've had an M1 code (with appropriate personal allowance for the tax tear) and it was not an emergency code. It was done because of a change of my circumstances part way through the tax year and simply changing the tax code would have seen me pay too little tax throughout the rest of the tax year.

It is usually the emergency code but there are some occasions where it is not.

fengirl_2

I am perfectly aware that 647L m1 may not be emergency code, but if you read the OP's story, I think we can safely assume that it is in this case.

zygurat789

jem16 wrote: »

I've had an M1 code (with appropriate personal allowance for the tax tear) and it was not an emergency code. It was done because of a change of my circumstances part way through the tax year and simply changing the tax code would have seen me pay too little tax throughout the rest of the tax year.

It is usually the emergency code but there are some occasions where it is not.

Emergency code is 647L M(W) 1
647L M(W)1 is not neccessarily emergency

It is and has been for some time the basic anyone is entitled to.
There is no stigma being on emergency code.

jem16

zygurat789 wrote: »

Emergency code is 647L M(W) 1
647L M(W)1 is not neccessarily emergency

So you are now agreeing that it is not always an emergency code?

Although I do agree with fengirl in that for the OP it is the emergency code.

It is and has been for some time the basic anyone is entitled to.

Yes since April 09.

There is no stigma being on emergency code.

Who said there was?

AirlieBird

zygurat789 wrote: »

Emergency code is 647L M1 or 647L W1

No it's not. Emergency code is 647L.