GoForma

In the United Kingdom, the P60 form holds significant importance which provides a comprehensive summary of an individual’s annual income, tax deductions, and National Insurance contributions for a particular tax year. What is a P60 form The  P60 form , also known as an ‘End of Year Certificate,’ is an official document issued by employers to their employees at the end of each tax year, which runs from April 6th to April 5th of the following year. It details the employee’s total earnings, tax deductions, and National Insurance contributions made during the tax year. The P60 form is a vital record for both employees and employers, serving as proof of income for various financial and administrative purposes. P60 Meaning The P60 form is a concise summary of an employee’s earnings and deductions throughout a tax year. It includes information such as: Total income earned. Income tax deducted. National Insurance contributions made. Tax code. Employer’s PAYE reference. This form is used by emp