Monday, March 16, 2009

New P45 form reminder to contractors

Contractors set to make their workforce redundant will have to fill in a new P45 form when they wield the axe.

The tax man is reminding firms that they must use the new A4 version of the P45 from 6 April.

The new version was introduced by HM Revenue & Customs last October and now includes an employee’s date of birth and gender. Any stocks of old A5 versions of the P45 should be destroyed by 6 April, HMRC added.

A spokeswoman added: “The new P45 has real benefits for employers.  It will help HMRC match employees’ information to their records and will reduce the number of queries we send employers.”






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