Why does new employer need p45




















You have a legal obligation to provide a paper or electronic copy to your employees shortly after 5 April each year. You must give a copy of the P60 to each employee to keep for their own tax records and also submit a copy electronically to HMRC through your usual payroll software. Just as you have a legal obligation to provide every employee with a payslip, you must also give them a P60 by 31 May each year.

This can be a paper or electronic version. Both the employer and the employee need to keep the P60 for at least six years. Your payroll software will generate a P60 for each employee after you have completed the final payroll period of the tax year.

You can give this to your employee as an electronic or paper document. Both P45 and P60 are important for proving salary and tax paid and should be retained by the employee and employer.

This article is intended as general information only and does not constitute advice in any way. Why is a P45 important? What does a P45 look like? Who issues a P45? Do you get a P45 when you retire? Do you get a P45 if you've been sacked? How long is a P45 valid for?

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