Reports and Accounting
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I just hanged to Ltd Company. HMRC advised to tick PAYE Scheme Ceased on Sole Trader scheme.I believe I may need to generate P45s before doing this? On P45 it asks Reason for Leaving. As employees are simply moving to a new legal entity, old job/employer no longer exists, therefore should I choose Redundancy or Dismissed as nearest option? I'm worried if I choose the wrong option it could cause difficulties for me or for the employees!