P11D in UK payroll

P11D :

Your employer sends a P11D to HM Revenue & Customs (HMRC) if you get any ‘benefits in kind’ (eg company cars or interest-free loans).

The P11D records how much each benefit is worth.

Your employer will send HMRC a P11D if your earnings, including the value of company benefits, are at least £8,500 in the tax year (6 April to 5 April).


Your employer will usually give you a copy of the P11D. They don’t have to by law, but they must tell you what’s on it.

P60 in Uk payroll

P60:

Your P60 shows the tax you’ve paid on your salary in the tax year (6 April to 5 April). Your employer must give you a P60 if you’re working for them on 5 April.

You’ll need your P60 to prove how much tax you’ve paid on your salary, eg:

- to claim back overpaid tax

- to apply for tax credits

- as proof of your income if you apply for a loan or a mortgage

Your P60 can be on paper or electronic.

P45 for in Payroll

P45 :
               
-  Employee will get a P45 from your employer when you stop working for them.

-  Your P45 shows how much tax you’ve paid on your salary so far in the tax year (6 April to 5    April).

-  A P45 has 4 parts (Part 1, Part 1A, Part 2 and Part 3).

-  Your employer sends Part 1 to HM Revenue & Customs (HMRC) and gives you the other         parts.

-  You give Part 2 and 3 to your new employer (or to Jobcentre Plus if you’re not working).

-  Keep Part 1A for your own records.

-  By law your employer must give you a P45 - ask them for one.

-  You won’t have a P45 if you’re starting your first job or you’re taking on a second job. Your    employer will need to work out how much tax you should be paying on your salary.

-  They may use a ‘Starter Checklist’ to collect the information, or may collect it another way.      The Starter Checklist has questions about any other jobs, benefits or student loans you          have. It helps your employer work out your correct tax code before your first payday.