P60 deadline fast approaching

Employers are reminded that time is ticking away to the date when they need to issue employees with a P60 for the 2014-15 tax year.

The last date for providing P60s is 31 May, but as this date falls on a Sunday this year, some employers will need to issue the form at least two days early. The form must also go to everyone who was working for an employer on 5 April 2015, so anyone who has have left the business after that date still needs to receive one.

Employers can provide the form – which summarises total earnings and tax deductions for the year and confirms the employee’s tax code – to their employees electronically instead of the traditional paper version.

They can also provide electronic P60s but should agree with employees that they are happy to receive the information in this way. Electronic P60s must be sent to an email address agreed with the employee or provide a secure place where they can view and print it.

Our fast, efficient payroll bureau provides a cost-effective service to businesses of all sizes, which includes dealing with P60s, payments and returns required by HM Revenue & Customs, giving employers peace of mind that these will be made correctly and on time.

For more information on how we can help you, please contact us.

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading Quotes...

Latest News

Be prepared for changes to VAT penalties and VAT interest charges

Changes to charges and penalties applied to late submission of VAT returns will …
Read more…

Penalties for misuse of Coronavirus Job Retention Scheme

New legislation allows HM Revenue & Customs (HMRC) to recover Coronavirus …
Read more…

Don’t pay more tax
than you need to

Register for our newswire

Our regular Newswire mailings are designed to keep you up to date with the latest industry news and events.

Register here

Client Login
Complete our Client
Satisfaction Survey

Spring Statement 2022

Exactly two years since the first lockdown was announced, the eyes of the public were firmly...

Read full our summary