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Tax - P45 & P46
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When you first start working for us you must either give us a P45 from your previous employer or fill in a P46, which we will supply. This will ensure that we get you on the correct tax code as soon as possible.
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If you have worked in the UK in the current tax year and bring in a P45 you will be taxed at the same rate as your previous employer.
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If you have worked in the UK in the current tax year and do not have a P45, you will need to complete a P46 and you will be taxed on Week 1 basis until such time as we are notified to change this by the Tax Office.
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If you have not worked in the UK in the current tax year you will be taxed at the standard rate. There will be a period of time when no tax will be deducted, this period will depend on when you reach your earnings threshold.
For the tax year 2007/8 the threshold is £100.57 for each week of the tax year, so, for example, in week 1 it is £100.57 and in week 40 it is £4022.80 (40 x £100.57).
Southampton 023 8033 2546
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