Late presentation of Form P45U.K.
60.—(1) Paragraphs (2) to (6) apply if the pensioner gives Parts 2 and 3 of Form P45 to the pension payer after the pension has started but before a code has been issued.
(2) The pension payer must insert in Part 3 of Form P45—
(a)the pensioner’s address,
(b)any number used to identify the pensioner, and
(c)the date on which the pension started.
(3) The pension payer must then send Part 3 of Form P45 to the pension payer’s Inland Revenue office.
(4) The receipt by the pension payer of Parts 2 and 3 of Form P45 under paragraph (1) is treated, except for the purposes of paragraph (1), as the issue by the Inland Revenue of the code shown in that Form as the pensioner’s code.
(5) On making relevant pension payments to the pensioner, the pension payer must, subject to regulation 32 (higher rate code: deductions), deduct or repay tax—
(a)on the non-cumulative basis, for the remainder of the tax year to which Parts 2 and 3 of Form P45 relate;
(b)on the cumulative basis, for subsequent tax years.
(6) Paragraph (5) applies until the pension payer is directed otherwise by the Inland Revenue.
(7) If Parts 2 and 3 of Form P45 are given to the pension payer after the pension has started and after a code has been issued by the Inland Revenue, they must be destroyed.