Hi Folks,
The deadline for issuing P60s for the 2019-2020 tax year is 31st May 2020 >> only 11 days away.
With all that's going on at present it's highly likely that P60 preparation is a bit more complex than normal years.
I've taken the text below straight from the HMRC website.
Your P60 shows the tax you’ve paid on your salary in the tax year (6 April to 5 April). You get a separate P60 for each of your jobs.
If you’re working for an employer on 5 April they must give you a P60. They must provide this by 31 May, on paper or electronically.
You’ll need your P60 to prove how much tax you’ve paid on your salary, for example:
- to claim back overpaid tax
- to apply for tax credits
- as proof of your income if you apply for a loan or a mortgage
Below are a couple of links that will help.
www.gov.uk/payroll-annual-reporting/give-employees-p60-form
If anyone has any further questions I'm happy to help.
Replies
Thanks Neil, a useful reminder!