Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Overlapping employment.... PAYE tax implications...?

  • 31-03-2010 8:10pm
    #1
    Fluffy_Mango_4u
    Closed Accounts Posts: 4 ✭


    Hi guys, hopefully somebody can help me?

    I am finishing work with my current employer in six weeks time and starting with a new employer. My current employer is insisting that I remain in employment for the complete six weeks but my new employer is insisting that I commence employment in five weeks. In order to keep both happy, for my last week in my current position I am taking it as annual leave but I will be commencing my new position on that week (which I am on annual leave with the current employer....).

    Because I will technically be employed by both employers for a period of a week, I am pretty concerned about the tax implications. I am not sure what to do...? Does anyone know what the tax problem will be or has this happened to anyone?

    Thanks for your help!


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    Best of luck in your new job.

    When you obtain your p45 from your old employer it will include your gross pay and tax credits up to the date that you officially ceased employment with him.

    Your new employer takes this p45 and uses it to work out the correct tax deductions to make when paying out your new salary.

    The upshot will be that you will not get any tax credits for the first week in your new employment. They will already have been used by your first employer in calculating your final salary payment.

    Other then that there is nothing else for you to do. It will all be sorted out once you give in your P45 to your new employer.

    Hope this helps

    dbran


  • #3
    Fluffy_Mango_4u
    Closed Accounts Posts: 4 ✭Fluffy_Mango_4u


    dbran wrote: »
    Hi

    The upshot will be that you will not get any tax credits for the first week in your new employment. They will already have been used by your first employer in calculating your final salary payment.

    Other then that there is nothing else for you to do. It will all be sorted out once you give in your P45 to your new employer.

    Thanks so much for replying so fast dbran, thats a great help! Weight off my mind! Take care

    FM4u


Advertisement