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Posted Mon, 15 Jul 2024 09:31:27 GMT by David Matthews
I was made redundant on April 4th last year but not paid until end of April which included a severance payment (part tax free and part taxable) . As I technically did not have an employer on April 5th how do I declare the earnings form my last paycheck as I was taxed on a K code but have not work since and taxed for the whole of April on a high code.
Posted Tue, 23 Jul 2024 09:10:22 GMT by HMRC Admin 19 Response
Hi,

If the payment was made by PAYE, we would have record of the payment received. If you are not expected to receive any further income for 2024 to 2025, you can claim a repayment using a P50 form. You can see information here:

Claim back Income Tax when you've stopped working (P50)

If you are expected to receive further payments, you should hand your P45 to the new income source and then you can use the following link to check your tax code is correct:

Tax codes

Thank you.

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