P60 deadline final reminder

If you have yet to issue your staff with P60s for the 2016/17 tax year, the final deadline is 31 May 2017.

Employees recruited by an employer on the last day of the tax year (5 April) must be given a P60 electronically through the payroll system. 

If your payroll system doesn’t automatically produce P60s, paper forms can be ordered from HMRC.

A P60 summarises their total pay and deductions for the tax year.

Employees require a P60 to:

  • claim back any overpaid tax
  • apply for tax credits
  • provide evidence of income if applying for a loan or a mortgage.

If a change is required to a P60, you need to provide a new form to employees marked ‘replacement’ and a letter to confirm the change.

Talk to us today about your reporting obligations.

Gibson Booth Associates

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