https://kamiworldwide.co.uk/

 The UK tax system involves a whole host of different slips, forms and certificates: P60s, P14s, P45s, P46sandhellip; it can all get a little confusing. If you're just getting started as a professional it can be hard to know which ones of these are crucial and what they are for, and all too easy to dismiss uninteresting or unimportant looking forms that can lead to problems in the future. This article then will detail the exact uses of the P60, why you need it, and how it can benefit you to keep it safe.

https://kamiworldwide.co.uk/





P60, also known as end of year certificate, is a form which an employee receives at the end of each tax year in the UK (the UK tax year ends in April) detailing their precise wages for that year. This is the employeeandrsquo;s copy of the P14 - which contain the wage information for all employees and are filed with HM Revenue and Customs at the end of each year. As well as showing the exact wages an employee has received, they also include any Income Tax or National Insurance that has been deducted, as well as statutory payments including SMP, SAP and SPP. It may also include any Student Loan repayments or other repayments that have been deducted.

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