P60 Form
What is p60 form?
The p60 form is a document that provides a summary of an individual's total income and the amount of tax they have paid over a tax year. It is a crucial form used in the United Kingdom to report annual earnings and tax deductions to both employees and HM Revenue & Customs (HMRC). The p60 form is usually issued by employers to their employees at the end of each tax year.
What are the types of p60 form?
There are two main types of p60 form: the original p60 form and the electronic p60 form. The original p60 form is a physical document that is traditionally printed on paper and handed out to employees by their employers. On the other hand, the electronic p60 form is a digital version that can be accessed online through various HMRC platforms. Both types serve the same purpose of providing an overview of an individual's earnings and tax payments for the year.
How to complete p60 form
Completing the p60 form is a straightforward process. Here are the steps to follow:
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