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Posted Thu, 23 May 2024 11:55:17 GMT by jaideep211
Good afternoon I joined my current employer on Mar 20, 2023 (just before the end of the tax year 2022-23). In addition to salary, I was due to receive a one-time sign on bonus upon joining. The regular salary payment dates are 14th of each month. Therefore, on April 14, 2023, I was paid my regular April 2023 salary. As well, the part salary payment for 11 days from Mar 20-31, 2023, and the one time bonus payment were also paid on the same day. I have just received my P60 for tax year 2023-24 however, it only reflects my regular annual salary and does not capture the one time bonus payment and the part salary from Mar 2023. How do I address this when I go ahead and file self assessment this year? Do I make any adjustments in this years' assessment or request adjustment to prior year? Thanks..! JD
Posted Tue, 28 May 2024 16:24:44 GMT by HMRC Admin 19
Hi,

As you began working for your current employer on March 20th 2023, your part salary payment and sign on bonus may have been included in your 2022 to 2023 P60, and as such would have been taxed in that year. You would therefore only need to include your 2023 to 2024 P60 figures in your 2023 to 2024 tax return.

If you would like us to check your 2022 to 2023 pay and tax figures submitted by your employer, though, you can contact our Self Assessment team.

Self Assessment: general enquiries

Thank you.

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