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>
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
Read more of our Small Business Accounting guides:
Learn more about P45s and P46s with a free 20 minute consultation.
We help you understand how to actually pay yourself as a limited company director or sole trader. This guide helps explain the different tax rates, filing requirements and which company structure is best for you.
.png)
