P60
Business & Finance abbreviation · Tax
| Stands for | End of Year Certificate (Form P60) |
|---|---|
| Categories | Business & Finance |
P60 stands for End of Year Certificate (Form P60), a tax abbreviation.
UK form every employer must give employees on its payroll at the end of the tax year on April 5, showing total pay and the income tax and National Insurance deducted. It must be provided by May 31.
Example: The mortgage broker asked for my last P60 to verify my salary.
Usage notes
Lenders and benefit agencies use it as proof of income, and it helps employees check whether they paid the right tax. Employees who leave during the year receive a P45 instead.
Related abbreviations
More tax abbreviations
- NOL – Net operating loss
- OASDI – Old-Age, Survivors, and Disability Insurance
- OIC – Offer in compromise
- OSS – One-Stop Shop
- P11D – Return of expenses and benefits (Form P11D)
- P45 – Details of employee leaving work (Form P45)
- PAN – Permanent Account Number
- PAYE – Pay As You Earn
- PST – Provincial sales tax
- PTC – Premium tax credit
- PTET – Pass-through entity tax
- PTIN – Preparer Tax Identification Number