What are PAYE Forms?

Jordan Macey

What are PAYE Forms? Guide

There are different forms associated with PAYE. These are:

P45: A P45 form is issued to an employee when he or she stops working for you. It shows how much the employee has paid in tax and NICs throughout the tax year.

P60: A P60 form is an official form issued to employees at the end of the tax year. The form indicates how much the employee has earned over the tax year, as well as the amount they've paid in PAYE income tax and NICs. You need to issue the P60 to your employees by 31st May each year.

If you're a limited company director, you're considered both an employer and employee. As such, you'll have to issue yourself a P60 form.

P11D: The P11D is a tax form that records employment benefits that the employees and directors of a company have received across the year.

A copy of the P11D is to be issued to employees who've received certain benefits by 6 July each year. You should also submit the form online by the same date. If you're paying tax on all their benefits through your payroll, submitting a P11D isn't required.

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What are PAYE Forms?

Jordan Macey

March 19, 2022

What are PAYE Forms? Guide
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Small Business Accounting

There are different forms associated with PAYE. These are:

P45: A P45 form is issued to an employee when he or she stops working for you. It shows how much the employee has paid in tax and NICs throughout the tax year.

P60: A P60 form is an official form issued to employees at the end of the tax year. The form indicates how much the employee has earned over the tax year, as well as the amount they've paid in PAYE income tax and NICs. You need to issue the P60 to your employees by 31st May each year.

If you're a limited company director, you're considered both an employer and employee. As such, you'll have to issue yourself a P60 form.

P11D: The P11D is a tax form that records employment benefits that the employees and directors of a company have received across the year.

A copy of the P11D is to be issued to employees who've received certain benefits by 6 July each year. You should also submit the form online by the same date. If you're paying tax on all their benefits through your payroll, submitting a P11D isn't required.

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