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Commonly Asked Questions about P60 Order Forms

Is P60 same as w2?

Youll get a P45 from your employer when you stop working for them. Your P45 shows how much tax youve paid on your salary so far in the tax year (6 April to 5 April).

What is a P60 form in the UK?

There are two PAYE forms in particular that youll come across quite often, and you may recognise them from life as an employee. These are the P60 and P45. The P45 is used when employees change jobs and the P60 is used to summarise the employees tax information at the end of the tax year.

What is the equivalent of W-2 in the UK?

Your P60 shows the tax youve paid on your salary in the tax year (6 April to 5 April). You get a separate P60 for each of your jobs every tax year. Theres a separate guide to getting P60s if youre an employer. If youre working for an employer on 5 April they must give you a P60.

What is the W2 form in the UK?

At the end of the financial year, your employer will provide you with a Form P60 which is the British equivalent of Form W-2. If you separate from your employer prior to the year-end Form P45 will be issued instead. Recall that the United States requires income reported on a calendar year basis.

Is a P60 like a W-2?

Common foreign versions of the U.S. W-2 If youre in a country that does, youre in luck youve just cut down on the number of documents you need to rifle through and math you have to do. Below are a few common foreign W-2 counterparts we encounter, but this is by no means a complete list: Great Britain Form P60.