You’ll get a P45 from your employer when you stop working for them. Your P45 shows how much tax you’ve paid on your salary so far in the tax year (6 April to 5 April). A P45 has 4 parts (Part 1, Part 1A, Part 2 and Part 3).
- Your employer sends details for Part 1 to HM Revenue and Customs (HMRC) and gives you the other parts.
- You give Part 2 and 3 to your new employer (or to Jobcentre Plus if you’re not working).
- Keep Part 1A for your own records.
By law your employer must give you a P45 – ask them for one. You can check how much tax you paid last year if you think you might have paid too much.
What is tax code 1257L?
Tax code 1257L – The most common tax code for tax year 2023 to 2024 is 1257L. It’s used for most people with one job and no untaxed income, unpaid tax or taxable benefits (for example a company car).1257L is an emergency tax code only if followed by ‘W1′, ‘M1′ or ‘X’. Emergency codes can be used if a new employee does not have a P45.
What is FPS payroll?
When can I view my submissions in my HMRC account? – Submissions show up as a balance in your account at different times depending on when you submit them. To view the full breakdown of what was submitted to HMRC, you will need to view the details in Shape Payroll under HMRC -> RTI Submissions. If you make a Full Payment Submission (FPS) on time, your balance will be updated by the 12th of the next month, If you make a late FPS, see our article Sending a Late FPS or EPS and also read the GOV.UK guide on payroll, If HMRC receive an Employer Payment Summary (EPS) between the 20th and the 5th of the month, your balance will be updated by the 12th of the next month. If they receive an EPS between the 6th and the 19th of the month, your balance will be updated within 1 day.
Can I download my P60?
HMRC can Help with Pay Information – If you can’t get what you need from the company HMRC can also provide a service (sort of). They won’t produce a copy P60 but will send you details of your earnings and deductions. It will be on headed paper from the revenue and should be fine as proof of earnings / employment.
