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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15915
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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***** ***** MURRAY. ZY 92 61 63 D , Tax Ref;948/C30652 & 951/C11XX.

Resolved Question:

***** ***** MURRAY. ZY 92 61 63 D , Tax Ref;948/C30652 & 951/C11XX. I retired from the Corps of Commissionaires on 30 MAR 15. The corps have informed me that they will send out P45 on 17APL15. What action do I have to do in respect of HMRC.
Submitted: 2 years ago.
Category: Tax
Expert:  TonyTax replied 2 years ago.
Hi.

You don't necessarily have to do anything with your P45. However, as you retired on 30 March 2015 which is very close to the end of the 2014/15 tax year and you have two PAYE references, you might call the tax office on the number here and ask them to check your 2014/15 tax position to ensure that your are square tax wise. Of course, you may have paid too much tax or too little.

HMRC may issue a P800 tax calculation to you which will have your earnings details, pension details and details of any other income sources you had in 2014/15 in it. This will tell you if you are overpaid or underpaid. If you have a source of income which they have not included, then you should tell HMRC about it. You can read about the P800 tax calculation here.

I hope this helps but let me know if you have any further questions.
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