P45 issues

sheramber

What what tax month is shown on your Match 23/24 payslip?

Kai77

sheramber said:

What what tax month is shown on your Match 23/24 payslip?

Tax month 12

Kai77

tizerbelle said:

Kai77 said:

I thought I needed to keep a record of it and also so that my accountant can have a full picture of employee vs self employed income for the year. I have always been asked to provide P60s by accountants in previous years (again, I've always been an employee alongside self employment). 

Accountants like P60s as they make their life easier which means they don't have to think!  Not having a P60 is not the end of the world they are making it out to be.   A P60 is just a summary of what has happened in the PAYE tax year

Keep your final payslip for 23/24 or even better all payslips issued for 23/24 in case you/they want to double check any statutory payments / NI / pensions deductions - that will give them all your earnings for the year but they may have to kickstart their grey cells and think creatively / use a calculator for a change!  Heaven forbid they may have to work for the fees you pay them!

Ok thank you, that's useful to know!

sheramber

What the employer has done follows the instructions forSage payroll 

https://gb-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200427112401622&hypermediatext=null#:~:text=HMRC%20require%20that%20the%20P45,their%20leave%20date%20falls%20in.

Kai77

sheramber said:

What the employer has done follows the instructions forSage payroll 

https://gb-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200427112401622&hypermediatext=null#:~:text=HMRC%20require%20that%20the%20P45,their%20leave%20date%20falls%20in.

That's not what the employer did.

They put my leave date (31st March 2024) which  relates to one tax year and then put the tax amount relating to the subsequent tax year.

Sage says the tax amount should be the amount (YTD value) for the tax year that the leave date relates to which isn't the case here.

Dazed_and_C0nfused

sheramber said:

What the employer has done follows the instructions forSage payroll 

https://gb-kb.sage.com/portal/app/portlets/results/viewsolution.jsp?solutionid=200427112401622&hypermediatext=null#:~:text=HMRC%20require%20that%20the%20P45,their%20leave%20date%20falls%20in.

I agree with the op on this one, the Sage guidance actually states,

HMRC require that the P45 shows the date that the employee left, with the Year To Date values for the tax year that their leave date falls in. 

Had the employer done that then the P45 would have shown roughly a years pay, not the relatively small amount relating to 2024-25.