Anyone working in the UK will shortly be receiving their P60. Now is the perfect time to check if you might have overpaid tax and be due a tax refund from the government. Follow the instructions in the article below to find out how to check if you could be due a refund.
- What is a P60 form?
- When will I receive my P60?
- How can I check if I am due a tax rebate from my P60?
- How do I get a replacement P60?
A P60 is a tax document that you receive at the end of the tax year from your employer. Your P60 form will show how much you have paid in tax during the year and also how much you have earned. It will also contain other information including your tax code and PAYE reference number.
Your employer should give you your P60 within 2 weeks of the end of the tax year (April 5th). If you do not recieve your P60 before June, you should contact the HR department of your company, or your boss directly. Your employer is required by law to provide you with a P60.
On your P60 there should be two boxes which highlight the pay and tax deducted for the year, as shown in the diagram opposite. Write down these two numbers, and input them into our tax rebate calculator and press the ‘calculate’ button. Make sure that you have selected the correct tax year, and you will then be told if you are due a tax rebate.
If you need a copy of your P60 because you have lost it or were not given one you can get a replacement that will be accepted by the Inland Revenue. You need to write to your employer and ask for a ‘Statement of earnings’ on company headed paper. Your employer is required by law to provide this information and the Inland Revenue will accept it if you are applying for a tax refund.
Let us know in the comments below if you have any P60 related questions or comments.