When must a P60 be provided to employees?

A P60 is an important document that summarizes an employee's taxable income and the taxes that have been deducted during a specific tax year. The correct timing for providing a P60 to employees is by May 31st following the end of the tax year on April 5th.

This deadline ensures that employees have sufficient time to use the P60 for their personal tax calculations, to complete their self-assessment tax returns if required, or for any other purpose related to their tax affairs. Providing the P60 by this date also complies with HM Revenue & Customs (HMRC) requirements, ensuring that the employer fulfills their obligation regarding documentation for their employees.

Understanding this timeframe is crucial for businesses to ensure compliance with legal requirements and to support employees in managing their finances effectively.