As you may be aware, employers are required to produce and distribute form P60 to their employees and also provide such details to HMRC on an annual basis.

For a full explanation of what a P60’s is, click here –

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/WorkingAndPayingTax/DG_10013512

The filing deadline for employers is 6 July, 2012. P60’s are processed in Keytime Payroll and to date, we have outputted to paper forms.

More recently, HMRC have required employers to file their information in relation to P60’s electronically, which has drastically reduced the paper trail. There is actually no current requirement to produce a particular type of form that the employer needs to hand to the employee, but most suppliers have continued using the HMRC layout.

From this year onwards, we at Keytime have decided that we will no longer supply any paper based P60 forms, mainly due to cost and shrinking demand.

As such we have included an electronic P60 form in the Payroll software and this will be released with the Payroll Year End update disc that is sent out around the end of March. 

This add on to Keytime Payroll is available for order now, and is priced in proportion to the number of employees you process.

The subscription is annual, as per the Payroll software.

Please contact Leeanne Ogden on 0161 484 3532 to discuss this in more detail and obtain a price for your usage (or you can email her at Leeanne.ogden@keytime.co.uk).

Thank you