Form P46, Employee Without a Form P45 , is a document completed for new employees to find out the correct amount of income tax to withhold.
Alternate Name:
If the employee started their first-ever job, cannot provide their employer with an account of their employment from their previous job, or did not leave their employment and started a new job, this statement is necessary to ensure the employee does not underpay or overpay income tax.
Form P46 helped authorities to figure out whether the individual could have been considered eligible for a tax rebate due to outstanding student loans. It contained a full employment history and established the proper amount of tax and insurance the employee would need to pay from the start of the reporting year until their employment is terminated.
Form P46 is no longer used by employers and employees. The last known version of the form was issued by the United Kingdom HM Revenue & Customs on January 1, 2011 . A printable P46 Form PDF can be downloaded below for reference.
Form P46 consists of two parts: the first section (for the employee) and the second section (for by the employer). The employee would have provided the following information on the first page of the document:
The form was then handed in to the employer who would, in turn, provide the following information:
It was then the employer's responsibility to submit it to the tax office online or through traditional mail to let the authorities apply the correct tax code to the employee's account before this person received their first salary.