P38(S) for 2012/13

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Just for your information – HMRC have advised that the P38(S) for the coming tax year is not due for publication on their Website until 06 April 2012.  We have made the comment to them that this is rather late and some employers will have students who will have started under the P38(S) procedure already.

Comment

For employers who know they will be entering RTI in 2012/13, the P38(S) procedure must be used carefully in the coming year.  This is because the P38(S) AND the NI tax indicator become redundant at the point of entering RTI, at which time any students that have been employed must have a leave date and the tax code changed to NT.  For other employers, this is the last year of the P38(S) procedure.

Although the P38(S) is late being issued, there is nothing wrong with using the form from last year and making the relevant changes – i.e. that any reference to the 2011/12 tax year is replaced by 2012/13 and reference to the Personal Allowance £7,475 is deleted and replaced with £8,105.  Employers should ensure that the student initials the changes that have been made.

Further Information

• Payroll Help  – Bye Bye P38(S), which has links to the P38(S) itself

Tags: HMRC, P38s, RTI

This entry was posted on Monday, April 2nd, 2012 at 08:29 and is filed under HMRC. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.