Shortly after the end of each tax year (5th April) your employer must give you a statement known as a P60.
The P60 form says how much you have earned during the previous tax year, and is proof of the tax that you have paid.
It is important to keep hold of your P60 as you may have to refer back to it at a later date.
If you leave your job the company which you are leaving must provide you with a form called a P45.
Your P45 shows your PAYE code number; your total earnings for the tax year and how much tax that you have paid during the tax year.
Your next employer will need the information on your P45 so that you can be given the correct tax code and have the right amount of tax deducted.
Your employer is required by law to give you a P45 when you leave.
Published on 08/07/2010
Last modified on 04/01/2012
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