P60 Form - What You Need to Know
verified information
Information verified by Adeline Harmant
Our articles are written by experts in their fields (finance, trading, insurance etc.) whose signatures you will see at the beginning and at the end of each article. They are also systematically reviewed and corrected before each publication, and updated regularly.
Discover the methodologyEvery taxpayer in the UK have to deal with the government HMRC p60 form.
In this document, one has to indicate how much taxes he / she has paid on his / her salaries during the tax year - which goes from the 6th of April to the following 5th of April.
We tell you everything you need to know about P60 form in the below guide. Let's dive in!
P60 Form
What is a p60 form?
The p60 form is a HMRC document where you declare all the taxes you have paid on your salaries and pays during the past tax year. It is useful in several cases, within which the most common ones are:
- To claim amounts of tax that you have overpaid
- When you need to apply for tax credits
- When needing a proof of your income - for example when you apply for a mortgage or a loan.
What do I have to fill in my p60 form?
In the HMRC p60 form used in the UK, you will have to complete:
- Your personal data : name, surname, national insurance number and payroll number
- Your pay and income tax details of the tax year just finished.
How to get a p60 form?
It is not possible to download online the p60 form. Indeed, it is your employer's role to give you the p60 form, between the 5th of April and the 31st of May. The p60 form which is given is pre-filled, you will only have to fill in the data related to your annual revenues and taxes.
Good to know
Beware! Some fraudulent websites propose download p60 forms for sale. Never buy online a p60 form download version or a pdf p60 form, for it will not be valid for the HM Revenue and Customs (HMRC).
Do I have to use a p60 form?
If you are working as an employee in a company or an organization, it is an obligation to the UK HM Revenue and Customs (HMRC) to fill in the p60 form every year. However, the communication with the HMRC is the role of your employer, who will give you the form and send it for you once it is completed.
What is the difference between p60 form and p45 form?
Those two forms respond to different uses. Whereas the p60 form is used to declare the taxes you have paid on your salaries for one regular tax year, the p45 form applies when you are leaving your work. That is why the p45 form full name is "“Details of employee leaving work”.
For more details on the p45 form click here.
Are you a business owner? Check the best insurance cover packages with HelloSafe:
Compare best business insurance deals in seconds.
