Originally posted by ladymuck
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Previously on "HMRC letter regarding mismatch between P45 & P14 given in self assessment"
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Originally posted by ladymuck View PostYou don't use the P45 for your SATR. You're supposed to use the P60 for that.
The P45 shows what your YTD deductions were and your tax code so the new employer knows what to set up when you start work.
The P60 gives the total of all tax and NI deductions made for a given tax year.
It's no wonder, as you used the wrong figures from the the wrong form on your SATR, that your entries don't match with the payroll year end figures from the umbrella.
Numpty.
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Originally posted by WTFH View Post
Which tax year are HMRC querying? >> ended in Apr 2020
Were you with the umbrella the whole of the tax year? >> No just for 3/4 month, then umbrella was no more mandatory and took option to switch back to Ltd company contracting
Did you have any other income that year apart from their salary? e.g. dividends, interest on savings, etc? >> Yes, but HMRC letter clearly says issues is with this Umbrella as employer and discrepancy is between my return (based in their P40) and Umbrella's P14 showing nearly double the amount.
Did you put any transactions through your old Ltd?> Yes once out of Umbrella I gone back to Ltd company with same client
Have you checked your tax code - both the one on your pay slips, and the one HMRC are quoting? If you switched companies and not checked, it may well be wrong.
Have you checked your P60? > HMRC clearly says issue is with Umbrella employment ie mismatch b/n my return income (from P40) and figure from P14 of this Umbrella employment
P45 only covers the particular employment. P14/P60 also cover other income from previous employments.>> I included other employments as well to the return, HMRC letter quote issue is when this Umbrella is employer
Based on your history, I suspect you're not telling us the whole story, or have embellished parts of it.
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Originally posted by cojak View PostI would contact the umbrella and put to them what HMRC put to you and demand an explanation of the discrepancy.
If you don’t get an acknowledgement of the discrepancy and an explanation, I would name them on here and go after them on Twitter. Big umbrellas don’t like the paying public to realise that they’re as dodgy as feck.
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Originally posted by eek View Post
What does the paye section on your hmrc personal tax account say?
It's hard to advise beyond that as you haven't said what hmrc is expecting you to do about it..
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Originally posted by Lance View Post
does your employer provide a P60 when you leave though?
I know they do at year end, but if you're not with them at year end what happens then?
In that case, as others have said, he needs to use the figures from his personal tax account
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Originally posted by Lance View Post
does your employer provide a P60 when you leave though?
I know they do at year end, but if you're not with them at year end what happens then?
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Originally posted by ladymuck View PostYou don't use the P45 for your SATR. Your supposed to use the P60 for that.
The P45 shows what your YTD deductions were and your tax code so the new employer knows what to set up when you start work.
The P60 gives the total of all tax and NI deductions made for a given tax year.
It's no wonder, as you used the wrong figures from the the wrong form on your SATR that, they don't match with the payroll year end figures from the umbrella.
Numpty.
I know they do at year end, but if you're not with them at year end what happens then?
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You don't use the P45 for your SATR. You're supposed to use the P60 for that.
The P45 shows what your YTD deductions were and your tax code so the new employer knows what to set up when you start work.
The P60 gives the total of all tax and NI deductions made for a given tax year.
It's no wonder, as you used the wrong figures from the the wrong form on your SATR, that your entries don't match with the payroll year end figures from the umbrella.
Numpty.Last edited by ladymuck; 15 September 2021, 11:10. Reason: I hate using my mobile phone on this forum, too many typos
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Originally posted by northernladuk View PostI didn't think they used a P14 anymore. Didn't RTI make this redundant in 2013?
Have you checked your Gov Gateway account to see what it says on there?
Of course, it's also possible that this relates to car park charges or something unrelated.
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I didn't think they used a P14 anymore. Didn't RTI make this redundant in 2013?
Have you checked your Gov Gateway account to see what it says on there?
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Originally posted by Darren_Test View PostI used a 'Big' Umbrella company when there was changes in IR35 rules in 2020 my client forced all contractors to use Umbrella company. I moved on from this 'Big' Umbrella and as you expect received P45 from them at the end as well. I used Income shown in P45 as Income in my self assessment. Now HMRC is saying from employer' s P14 document shows my income amount as double of what shown in P45!!!
How this could happen? What should I do now..? I checked again and amount shown in the P45 only I shown in my self assessment.
Any help/guidance much appreciated.
Were you with the umbrella the whole of the tax year?
Did you have any other income that year apart from their salary? e.g. dividends, interest on savings, etc?
Did you put any transactions through your old Ltd?
Have you checked your tax code - both the one on your pay slips, and the one HMRC are quoting? If you switched companies and not checked, it may well be wrong.
Have you checked your P60?
P45 only covers the particular employment. P14/P60 also cover other income from previous employments.
Based on your history, I suspect you're not telling us the whole story, or have embellished parts of it.
Leave a comment:
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I would contact the umbrella and put to them what HMRC put to you and demand an explanation of the discrepancy.
If you don’t get an acknowledgement of the discrepancy and an explanation, I would name them on here and go after them on Twitter. Big umbrellas don’t like the paying public to realise that they’re as dodgy as feck.
Leave a comment:
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Originally posted by Darren_Test View PostI used a 'Big' Umbrella company when there was changes in IR35 rules in 2020 my client forced all contractors to use Umbrella company. I moved on from this 'Big' Umbrella and as you expect received P45 from them at the end as well. I used Income shown in P45 as Income in my self assessment. Now HMRC is saying from employer' s P14 document shows my income amount as double of what shown in P45!!!
How this could happen? What should I do now..? I checked again and amount shown in the P45 only I shown in my self assessment.
Any help/guidance much appreciated.
It's hard to advise beyond that as you haven't said what hmrc is expecting you to do about it..
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Which is correct - the P45 or the P14? You know how much you earned from your payslips from 'Big', so presumably you can figure out what tax is owed? Have you talked to 'Big'. They may not be your employer anymore, but they still need to explain.
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