Tax Reporting of Redundancy

Tax Reporting of Redundancy

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I was made redundant at the end of the year. My P45 was sent out to me before my redundancy payment and is not included. My redundancy was above the £30k limit so I know that I need to declare it on my 2013 / 14 tax return. However I have no paperwork from my previous employer related to the tax. Before I go to them I wanted to check what I need for my tax return and to prove tax has been deducted.

I have an agreed amount of redundancy, I received into the bank a lesser amount with tax deducted, however I believe there were also deductions for a cycle to work bike. The amount I received is not in dispute, I just want to know what I need for the taxes, would a letter on company letter headed paper of the breakdown showing tax deducted be enough? Or is there a particular form they should use? I assume this won't be covered on a P60 since I have a P45, would it be on my P11D?

Apologies if this is a stupid question, I just want to know the answers before I contact the company.

Thanks.

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Euan's picture
By Euan MacLennan
03rd Feb 2014 13:02

Letter

The company should send you a letter setting out the gross amount of your redundancy pay, any adjustments and the amount of tax deducted.

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By Michael Beaver
03rd Feb 2014 13:24

I agree with Euan, they should have sent you a letter stating the makeup of your payment and deductions made against it.

If they have processed your payment through a payroll system, it is quite possible that a payslip (or equivalent) can be re-printed that will contain the details of the taxable portion and the tax withheld. 

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