Anyone know HR?!

[BillieJeanBing]

So I have two roles for the same company
One is a fixed term due to end soon and I am taking a new role in a different company to replace this.
The other role is a 'bank' role which I intend to carry on with
The company are saying they won't give me a P45 as I am continuing with my bank role
It's two totally separate roles and I have two P60's
I am concerned that my new role in the new company will put me on emergency tax as there is no P45?

Is my HR right in saying this?

Are they paid separately? How does your tax currently work, ie do you have 2 payroll numbers and your tax code shows a split allowance? I’d be less concerned with emergency tax (easily sorted and refunded through payroll) and more worried that your tax code will be screwed up in the old job as well- that would mean it wouldn’t be sorted until the end of the tax year usually.

If it’s all one payroll they won’t be able to issue a P45 as you won’t have left the company in the pay period. Different role, same employer, v likely same PAYR code. They sound right to me.

I really need to preview. If you stay on bank they may not be able to take you off payroll. Therefore your other role will be your second employment. You would need to speak to HMRC and have your other role made your main.

Adding and removing someone constantly from payroll for bank is a pain. It’s easier to keep someone active. Otherwise you will get a P45 after each bank cycle. That would likely mess your tax up more.

Above poster is correct if your bank post is with the same company you will not get nor need a p45

Surely my new company will ask me for it for my wages?

Wouldn’t you need to talk to HMRC to either get your tax code split or swap your personal allowance to your new role?

They will probably ask you if you have one, but no is an acceptable answer to that.

If they put you on an emergency tax code, it would likely be a monthly code and to be honest you could end up with too little tax deducted rather than too much as that code gives you the full benefit of a personal allowance whereas you need the personal allowance split over two jobs.

You need to ring HMRC and get them to split the personal allowance or allocate it to one or the other and issue a suitable tax code for each employment.

I had this situation where I stayed on bank and it did briefly mess up my tax.

You need to make sure the bank role is changed to a basic rate tax code asap or their payroll will think 'you haven't earned this month, we owe you some tax back'.

As soon as your new employer has told HMRC you have started you should call and make sure your tax codes are right or you'll end up with an underpayment as I did.

Tax codes are sorted very quickly now days, so you shouldn't need a P45 for a new job.

But other posters have said, you need to call the HMRC and explain that your new job is your main job.

On another note, i would just check your contract for your new job. You may need to declare you will still be working bank.