P60 negative tax deducted

n217970

I have received my p60 this week and I am confident it is wrong. I started a new job in January and submitted my p45 as normal. My p60 is showing the tax deducted as 1500 in my old job but -1000 (negative not refund) on my new job. This means total deducted for the year is showing as 500. This must be wrong as I have paid about 2500 in tax this year. The two numbers are incorrectly balancing against each other. The company accountant admits it seems odd but hasn't offered any remedy. What are the implications of this being wrong and what do I need to do to get it fixed? Thanks for all advice.

chrisbur

Can you give the full details.
Tax code, gross from P60 split as previous and current as well as total, and same for tax.
Details from last payslip cumulative gross and tax, previous pay and tax and tax code.
P45 part 1a details.

n217970

Thanks for the replies, so, having studied my year to date on the March payslip this gets more interesting. I should have spotted this earlier.

First my P60

Tax code 944L
Previous employment
Pay 15688.07
Tax 1562.60
This employment
Pay 5071.78
Tax -1020.80
Total for year
Pay 20759.85
Tax 541.80

P45
Tax code 944L
Pay 15688.07
Tax 1562.60

March Payslip
YTD
Pay 20759.85
Tax 541.80

but I am paying 225.80 tax per month currently. I think I have paid the right tax - maybe even too much. The issue seems to be I had paid 1500 in tax when I started my new job but even though I am paying tax the number is now going down! I have been through all my payslips since starting the new job and I have paid 1020.80 in tax, so the figure on my P60 should be 2583.40

I am sure one employer is wrong and I expect it is my current one. My old employer was a multinational business and I wouldn't expect them to have got it wrong. My new employer for some reason shows the tax deducted as a negative figure but I think this is wrong? In my mind this indicates a refund when it is not.

chrisbur

Figures from the P45 indicate that this was done as at month 10, is that correct?

Can you give year to date figures and monthly figures for each payslip in your new employment? Does your payslip have a previous gross and tax figure if so can you give that as well.

n217970

Ok, so over the weekend I think I have worked out what has happened. My payslips are all week 1, something has gone wrong processing my p45?

So Jan payslip
Gross 1238.44
Tax 90.20

Feb
gross 1916.67
Tax 225.80
To date
gross 3155.11
Tax 316

March
Gross 1916.67
tax 225.80
To date
Gross 20759.85
Tax 541.80

My payslips do not have previous months figures.

For some reason the March payslip still thinks I am on week 1 but has added in my total pay to date but not the tax.

I have paid 541.80 in my new job and 1562.60 in my old job. I estimate I owe the taxman £157. The negative balance on the p60 is the difference between what I paid in my old job and what the system incorrectly thinks I have paid for the full year.

I worry the taxman is going to take the view I owe him £1720. How can I get this fixed? Is it something my payroll should be able to do or am I going to have to speak to the taxman directly?

purdyoaten

As you say that your payslips are all on Week1, your P60 details should read : Gross Pay £5071.78 : Tax deducted: £541.80. Code 944L M1.

Nothing else can be correct and you should ask for an amended P60.

The good thing is that there is no end of year submissions made by the employer any more and it is not the case that HMRC has received what used to be an employer version of the P60.

Hopefully everything should work out.

chrisbur

Your new employer has only entered part of your P45 onto their payroll system, gross has gone on but not tax nor tax code/basis.

purdyoaten

chrisbur wrote: »

Your new employer has only entered part of your P45 onto their payroll system, gross has gone on but not tax nor tax code/basis.

I would agree. The question is how this can be fixed under RTI as, if the P45 had been processed correctly, the op would have 'cleared' his underpayment in his March payslip. If I were the employer, I would probably go for my suggestion in my last post.

Bit of a mess - wouldn't fancy calling the employer helpline at this time of the year!

chrisbur

purdyoaten wrote: »

I would agree. The question is how this can be fixed under RTI as, if the P45 had been processed correctly, the op would have 'cleared' his underpayment in his March payslip. If I were the employer, I would probably go for my suggestion in my last post.

Bit of a mess - wouldn't fancy calling the employer helpline at this time of the year!

No idea how this can be fixed as I know little about RTI, moved on from payroll before this was introduced. I think that they may have already had one go at "fixing" it which resulted in the negative tax on the P60 so probably best they do contact HMRC for help.