Setting-up Payroll Help

marscarsmaggie

Free Member
Jan 15, 2012
32
0
We would like some advice on setting-up the payroll for our new ltd co. following the closure of our old ltd co.
The old co. has closed due to insolvency and is due to be struck-off and dissolved.
We are about to set-up our payroll for our new co.
As the old co. never finalised its accounts as it was insolvent, we have never issued either of our 2 employees with a p45 which now leads us to our question - do we do a p45 or p46 (ideally we need to back-date these to oct 2011 as this is when the old co. finished) - can we do this?
We want to sort it out asap so we can get the new co. payroll started as we mean to go on so we dont get in any messes like we did with the old co, we dont have an accountant as we cant afford one and will be doing it ourselves.
 

weebly_one

Free Member
Feb 26, 2009
442
66
Northamptonshire
P45s do not count in the new tax (ie After 6th April).

Easiest thing would be P46's and start the new tax year with fresh pay as of APril's pay run. Last year will have to be caught up with in the wash by the HMRC - if your employees think tax is due back for them they can ask HMRC to look at it for them at which point a new tax code would be sent through to you to use - but you would normally use the code indicated by the P46 to start off with.

HMRC have a free basic tools calculator you can download from the website for up to 9 employees which could see you through for no cost.
 
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