Regulation 44 Form P45 for previous tax year: employment starting on or before 24th May
United Kingdom
(1)
The new employer must—
(a)
record in the deductions working sheet the code shown in Parts 2 and 3 of Form P45 as the employee’s code, and
(b)
deduct or repay tax by reference to that code on the cumulative basis, subject to regulation 32 (higher rate code: deductions).
(2)
The receipt by the employer of Parts 2 and 3 of Form P45 is treated as the issue by the Inland Revenue of the code shown in Parts 2 and 3 of Form P45 as the code for use in respect of the employee.