Don’t risk HMRC fines.
A P60 form is a statement that summarises how much you’ve paid over the tax year through your employer.
Your employer should give you your P60 at the end of each tax year. A tax year is from 6 April to 5 April. Sometimes, companies wait until payroll to send them out, so you should receive it by the end of April.
You can expect all your tax and salary information to be on your P60. This includes:
There is no standard format for a P60. Although they may look a little bit different, the information the form contains is always the same.
Your employer provides the information listed above to HMRC, which they use to make tax calculations and how much Income Tax, National Insurance contributions, etc you may owe.
You should keep your P60 for your tax records. You’ll need it for a variety of different reasons like:
If you don’t have access to your P60 and need to file a tax return, don’t panic. TaxScouts can get your Self Assessment done without one, as long as you have access to your HMRC Government Gateway.
After every tax year, your employer should provide you with your P60. However, if they haven’t, you can always request it from them. Your employer is required to keep your P60 on record for three years for tax purposes. So if you lose it, just ask them for another copy.
If, for whatever reason, they aren’t able to produce another one, don’t panic!
HMRC aren’t able to provide a replacement copy but you can:
If you’re trying to get your taxes sorted and need a hand interpreting your P60, don’t hesitate to get in touch! Our friendly support team is happy to help. You can reach them on [email protected] or via the live chat on the homepage.
Don’t panic. We can help. We offer one-off, personal tax advice from an accredited accountant for just £119. Book a phone or video call to get your head around what documents you need, why, and what to do next. Learn more here.
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