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Complete P45 Part 3 for new employee details, ensuring accurate tax and insurance information for HMRC submission in 2018.
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What is p45 part 3?
P45 part 3 is a section of the P45 form, which is issued to employees who leave their job, detailing their earnings and tax deductions up to the point of leaving.
Who is required to file p45 part 3?
Employers are required to file P45 part 3 when an employee leaves their employment.
How to fill out p45 part 3?
P45 part 3 should be filled out with the employee's details, including their name, National Insurance number, and tax code, along with information about their final pay and tax deductions.
What is the purpose of p45 part 3?
The purpose of P45 part 3 is to provide information to the employee about their tax and earnings, which will be used for their future tax returns and when starting a new job.
What information must be reported on p45 part 3?
P45 part 3 must report the employee's name, National Insurance number, tax code, total pay in the current tax year, and total tax deducted.
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