Despite assurances from my new employer that P45s are no longer needed and "it's all done online now", and that I wouldn't be placed onto an emergency tax code, guess what?
Yep! I've been put on an emergency tax code! HMRC have taken 22.7% of my entire salary this month, not to mention NIC. So I'm down about £500, which I could sorely do with right about now.
Last time this happened was in 2013 and it took about 9 months to recover the overpaid tax. Funny how it takes so long to get back anything overpaid, but don't you dare underpay or they'll demand immediate payment!
Anyone know what the deal is and the quickest way to resolve the issue, or do I just have to let the system do its thing and wait for a tax refund?
My previous employer hasn't sent me a P45 yet, possibly because they still haven't processed my final salary payment.
There is no 'H' in Aych, you know that don't you? ~ Wife
Turns out there is an H in Haych! ~ Sporky
Bit of trading feedback here.
Comments
I would speak to the finance and/or HR people.
Ebay mark7777_1
¯\_(ツ)_/¯
There is no 'H' in Aych, you know that don't you? ~ Wife
Turns out there is an H in Haych! ~ Sporky
Bit of trading feedback here.
OT means no tax allowance!
Ebay mark7777_1
Might be worth OP logging onto his HMRC account (or creating one if need be) and checking to see if a new coding notice has been issued that he can pass onto payroll. They might not be able/willing to re-run this month but it should ensure that the correct tax code is used going forward and that the overpaid tax is reclaimed.
I've logged into my HMRC account but don't really know what I'm looking at. It tells me that for last tax year (April 2023 - April 2024) my tax hasn't been calculated yet.
I've just emailed payroll so will see what they have to say about it, if anything. I'm not expecting anything useful, I seem to recall from my last experience that this is a complete ball ache to rectify!
There is no 'H' in Aych, you know that don't you? ~ Wife
Turns out there is an H in Haych! ~ Sporky
Bit of trading feedback here.
The main problem with P45 having not been issued is not that the new employer will need it, but to HMRC records it will appear that you still have your old job and so that's where your normal (better) tax code will still be allocated. Phone 'em up, explain that you want your new job to be the primary, they'll switch the code and cease your other job.
They should be able to process any refund once your P60 is in. If more tax was taken for month of April, then you'll need the P45.
The issue is until your old employer processes your final pay, issues your P45, and updates HMRC, any new job is assumed to be a second job.
There is no 'H' in Aych, you know that don't you? ~ Wife
Turns out there is an H in Haych! ~ Sporky
Bit of trading feedback here.