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markcaughey



Member Since: 03 Nov 2014
Location: Glasgow
Posts: 316

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Need advice on changing from Self Assessment to PAYE

I have just started a new job with an employer and will be getting paid PAYE. I was recently self employed and i am registered for self assessment.

Im trying my best to avoid getting emergency taxed and have been trying to find out the best way todo this. I would imagine i will need to contact HMRC and let them know my situation and do a final Self Assessment ?

Can anyone on here offer some advice on the best way to go about this ? I understand i will probably get emergency taxed on my first wage ( end of June ) but just want to get things in order ASAP to avoid this continuing any further

Appreciate all advice Range Rover Vogue 2006 4.4 AJV8 | Buckingham Blue | Parchment Leather | Supercharged Grill+Side Vents | CA02 HEY ( NOT 02 PLATE )

Post #391392 12th Jun 2016 1:53pm
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Rob99



Member Since: 03 May 2016
Location: Gatwick
Posts: 1421

United Kingdom 

Under PAYE your new employer is required to deduct tax on the basis of a coding notice from HMRC or, if one has not been issued, then basic rate deduction on everything (i.e. with no tax free amount).

Contact HMRC and tell them about the change as soon as you can and ask them to issue your new employer with a tax code notice. If it doesn't happen in time for your June salary (depends on your employer's payroll cutoff date) then it should all be sorted the following month so should average out. That may not help your cashflow though.

Your self assessment registration with HMRC will still be relevant, especially as your circumstances have changed mid way through a tax year, and they will expect you to submit a self assessment tax return at the end of the tax year.

Remember that, unless HMRC have confirmed in writing to you that you no longer need to submit self assessment returns, then you will need to continue doing them. They are usually happy to do this once they know your only income will be from PAYE employment.

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Post #391396 12th Jun 2016 3:00pm
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