The P60 must be given to you by 31 May after the end of the tax year (5 April), so that, if you need to, you can complete a tax return or claim a repayment of tax. The only circumstance where an employer is not required to issue you with a P60 is if you have left their employment during the tax year.
When did P60 stop?
From 1 January 2019, the P60 is abolished and replaced with an Employment Detail Summary, in line with PAYE Modernisation. From 2019 onwards, an Employment Detail Summary is available to employees through MyAccount. A P60 is a certificate of your employee’s annual pay and deductions.
Do you get a P45 at the end of a tax year?
You’ll get a P45 from your employer when you stop working for them. There’s a separate guide to getting P45s if you’re an employer. Your P45 shows how much tax you’ve paid on your salary so far in the tax year (6 April to 5 April). A P45 has 4 parts (Part 1, Part 1A, Part 2 and Part 3).
Can a P60 be issued at the end of a tax year?
Because the employment ceased on 31 March, they do not meet the criteria of Regulation 67, they were not in employment at the end of the tax year at the old employment PAYE scheme. But what about if an employee, now on the new PAYE, has their pay pro rata’d from 1 April to 5 April, then should a P60 issued?
Is there a P60 at the end of April?
In a word, NO, unless there is a pay date between the 1st and 5th of April. For monthly paid employees, the next pay date is the end of April, therefore they are in the new tax year, paid under the new PAYE scheme. Unless the correct procedures are followed, employees can be left in no mans’ land, without a P60 nor a P45!
What to do if your employer cannot issue a replacement P60?
If your employer is unable to issue you with replacement P60 (e.g. if their payroll software does not have the functionality), you can ask for a Statement of Earnings. A Statement of Earnings is a letter from the employer on letter headed paper showing income and tax details for the relevant tax year.
What do I need to know about my P60?
A P60 contains exact information about how much you have earned, showing your annual Gross Pay, PAYE (Pay As You Earn) and NIC’s (National Insurance Contributions) you have paid during the specified tax year. It is your responsibility to check your P60 and claim back any overpaid tax or report underpaid tax.
