As an employer, it is your duty to make sure all employees on your payroll who are working for you on the last day of the tax year (5 April) are given a P60. They must receive this by the 31st of May, you do not have to issue a P60 to any employee who has left before April 5th.
In order to issue your P60’s, you must have completed the final Full Payment submission for the tax year. Following that you need to activate the new tax year on HRMC basic PAYE tool. Once complete you can either print or email the p60 to your employees.
If you are using payroll software that does not allow you to create p60’s you can order blank forms from HRMC through GOV.UK
Your P60 shows your total income and deductions you’ve paid on your salaries, like tax and national insurance, within the tax year (6 April to 5 April). You should get a separate P60 for each of your jobs and it must be issued to you before the 31st of May either electronically or on paper.
Having an up to date P60 is very important to prove how much tax you’ve paid on your salary, and can be useful for when you are:
- claiming back overpaid tax
- applying for tax credits
- or as proof of your income if you apply for a loan or a mortgage.
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