P60 query please

Mikeyorks

They have to send P14s to HMRC for every employee from whom they deduct tax / NI / SLC ......... irrespective of whether employed for full year or not.

That, in turn, is used to balance back to the sums the employer has paid over to HMRC each month.

bungalow_bill

mlz1413 wrote: »

Bungalow Bill your old company should have sent you, the HMRC and the new company a copy of your P45 with your earnings to date shown - this will be the same as your last payslip from them.

Yes they did, but new company says not in time

mlz1413 wrote: »

Your new company should have entered the details of the P45 into the 'previous earnings' box when they added you as an employee.
IF the old company sent the P45 late then new company should have got you to fill in a P46 and tick the relevant statement (school leaver / only job / receive other income).

yes, filled in P46

mlz1413 wrote: »

It appears the new company have not entered the previous earnings so when you got your P60 it only has the Feb & Mar earnings from them.).

True

mlz1413 wrote: »

The old company should have submitted your P60 to HMRC but have do not send you a copy.).

Checked, and old company have submitted P60, but say new company is repsonsible for accuracy of my version of P60 because I was employed by them on April 6th

mlz1413 wrote: »

As clearly the new company's payroll section is not doing a brilliant job I would write to your local tax office and attach copies of the P45 and P60 from each company and ask them if they can advise what you should do.).

I don't have P60 from old company

mlz1413 wrote: »

Re your mortgage application a copy of the last 3 payslips from each company should copies of you bank statements should be enough for the lender to see you have been earning a monthly pay and its an admin error.

Yes, mortgage company happy,

Thanks all so much. I suppose the bottom line is that it looks as though I don't necessarily have to do anything at the moment. i'm just worried in future that I'll create difficulties if my P60 is incorrect

I'm afriad i lost the plot though with the talk of P14s, as i don't know what they are!! Thank for being so detailed in the replies

Mikeyorks

bungalow_bill wrote: »

I'm afriad i lost the plot though with the talk of P14s, as i don't know what they are!!

I'll let HMRC explain it (simply - it's the record of deductions from any employers you had - each year) :-

You must complete and file an Employer Annual Return if you have had to maintain a form P11 (or equivalent payroll deductions record) for at least one employee during the tax year. This applies even if you didn't have to make any deductions of PAYE (Pay As You Earn) tax or National Insurance contributions (NICs) from your employee(s) during the year.


The Employer Annual Return comprises:

• a form P14 for each of the employees for whom you've had to maintain a P11 or equivalent record
• a form P35 which summarises the end-of-year payroll totals for all of your employees combined

Your return must reach HM Revenue & Customs (HMRC) no later than 19 May following the end of the tax year. If your return is late, HMRC may charge you a penalty.