P60 for last tax year

Nre_2

I left my previous job by 31March this year, but the payroll department was not made aware of this by my manager until 8th April. I had some holidays remaining and so they paid me for those holidays in the new tax year and issued me a P45 for the 2014/15 tax showing only the holiday pay.

I was initially told that I will be issued a P60 for last tax year as well, but now they say that I will not be issued a P60 since my leaving date is before the end of the previous tax year.

After leaving the job, I set up my own ltd company and raised an invoice on 4th April, so my accountant issued me a P60 for the last year showing only the first week of April's earnings.

My previous employer has issued me a statement of earnings for last tax year, which shows the tax and NI paid. My accountant says they cannot enter that figures in the P60 since it's not in a P45 document.

In short, majority of my earnings of 2013/14 tax year is not in a P45/P60 document, could someone advise me if that is going to cause any problems? Should I inform HMRC about this?

Thanks..

Nre_2

Leaving date in P45 is 31/03/2013 although it's for 2014/15 tax year

Horseunderwater

Does the P45 show all your pay for that year including the holiday pay or not? If it does it's for last tax year. If it just states the holiday pay then they need to give you a corrected one with all gross pay tax/nat ins on it. It is not for this tax year as leaving date is correct for when you left. It's not relevant that they paid you holiday pay after you left in this financial year - it belongs with last years pay.

Nre_2

P45 just got the holiday pay. When I contacted them below is the response I got.

"The short answer is we were only made aware of you leaving by way of an ERF on the 8th April - You had obviosly already been paid on the 31 March for your pay upto and including that date so the only thing outstanding was your holiday pay.

This was paid as a 'payment after leaving' on the 30th April - the next earliest paydate which, as it is after the 6th April, is within the new tax year (2014/15).

Irrespective of what the payment was for, it was paid beyond the 6th April so therefore, it is treated as a payment in the new year and consequently your tax code was uplifted to reflect the changes for this year (Tax Codes ending in an 'L' were all increased by 56pts).

If you had been made a leaver back in your March salary then you would have had a P45 reflecting that and then this payment for your holiday pay taxed at an emergency code of 0T - sadly, as I explained above, this did not happen as we were not made aware early enough."