If you think the information on your P60 form is incorrect you should tell your employer. They might contact HMRC on your behalf. However, you might also wish to contact HMRC yourself and let them know. They might ask you questions about your employment and your earnings.
Please make sure you give them as much information as you can, so they can make sure your next P60 is correct. It might also help you to work out where HMRC or your employer has gone wrong. This is important if you think you have paid too much tax. If you have lost it, do not worry. Your employer is legally required to keep your P60 for 3 years. You can, therefore, ask them for another copy of it. If you need a P60 that goes back more than 3 years, your employer might be able to help you.
If you start a new job, give two parts to your new employer, so that your new employer can work out the tax on your pay correctly right from the start. The sheet called Part 1A is your personal copy which you should keep. It is evidence of the tax you have paid and will be needed if you have to complete a tax return or claim a repayment of tax. It will also help you if there is a mistake with your tax or tax code.
This form enables your new employer to work out an appropriate tax code to use when they start paying you.
See the new employee page for details. If you have received any taxable benefits in kind from your employer for example, use of a company car or medical insurance during the year you should receive a form P11D that summarises all these benefits. Unless your employer has agreed otherwise with HMRC, the P11D should also include any payments you have received from your employer as reimbursement of business expenses you may have paid personally.
See the employee expenses section for information about how these are taxed. You employer is required to give you a copy of your P11D by 6 July following the end of the tax year. You should keep the form as you may need it to complete a tax return or to claim a repayment of tax. Understanding your P60 Knowing how to understand a P60 is useful.
Your PAYE tax code is important and if wrong can result in you paying the incorrect amount of income tax. Our PAYE tax code guide can help you find out more. Why is it important? Reasons why you might need your P60 form include: Sometimes your P60 details are not on record with the tax office. If this is the case and you apply for a tax refund or a tax rebate, the money you are owed cannot be paid until your P60 has been located.
Providing a P60 to the tax office will mean your record can be updated quickly and your tax rebate issued. Applying for credit, for example when applying for a mortgage , will often need you to provide proof of earnings, like a P60 form.
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