Tax trivia
What is a P60?
A P60 details your earnings and tax deductions for the last tax year and is provided by your employer each April.
The law requires you to keep a record of your taxable income for at least 22 months after the end of the current tax year. It should be kept in a safe place as duplicates are not always easy to obtain.
Self-employed people must keep records for up to six years after the relevant tax year.
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This article is for your general information and use only and are not intended to address your particular requirements. The articles are based on our understanding as at the 7th November 2008. They should not be relied up on in their entirety. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. Articles that make reference to the Pre-Budget Report are subject to the Finance Bill becoming law. |