Small Business Accounting

What are P45 / P46?

By

Chris Andreou

Contents

The P45 is a tax form that provides your new employer with details of how much taxable salary you've paid over the course of the current tax year, along with how much has been deducted, and your tax code at the time of leaving your last job.

A P46 is a form that takes the place of a P45 if you don't have one from a previous employer. It ensures you pay the correct amount of income tax from your pay.

<p>The P45 is a tax form that provides your new employer with details of how much taxable salary you've paid over the course of the current tax year, along with how much has been deducted, and your tax code at the time of leaving your last job.<br></p><p>A P46 is a form that takes the place of a P45 if you don't have one from a previous employer. It ensures you pay the correct amount of income tax from your pay.</p>

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