What are P45 / P46?

Jordan Macey

April 21, 2021

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Small Business Accounting

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.

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What are P45 / P46?

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.

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What is a P45?

A P45 is a form that is issued to an employee when he or she stops working for you. It shows how much the employee has paid in tax and NICs throughout the tax year.

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