P46 no longer valid

In the past when registering with an agency, or starting a permanent job with a new company, you have probably been asked to complete a P46 tax form. The purpose of this form was for your employer to submit to the HMRC in order to allocate you the correct tax code. The P46 could be used for three purposes; either in lieu of your last P45, if you were starting your very first job, or if you were starting a second job without leaving your current job.

The P46 was replaced by the New Starter Checklist in April 2013, which encompasses a series of relevant questions which allows your employer to allocate a tax code to the employee and calculate the amount of tax that is due on your first pay day. The form is also submitted to the HMRC, and where appropriate they will revise your tax code.

Although the New Starter Checklist has been available since April 2013, employers across the UK have continued to use the P46 as it still served the purpose for which it was initially designed. However due to student loan plans that have been introduced in recent years, the P46 now does not cover enough information that is required by the HMRC, therefore the P46 is no longer valid.

If you would like any further information, or have any queries, please do not hesitate to contact your local branch of Premier Work Support.