The tax year in the United Kingdom runs from 6 April to 5 April. Processing Year End payroll in the United Kingdom generally requires that all pay runs have been committed and that the final EPS has been transmitted to HMRC before generating and publishing P60 and, if necessary, P11D forms for employees.
When the final pay run for the legal entity has been committed, the Status column is updated to reflect the change and indicate that P60 and P11D forms are ready to be published and sent to employees. You can verify the final pay run for a pay group for the tax year in the Pay Calendar tab in Pay Setup > Pay Group.
The P60 and P11D are both PAYE forms generated in Year End > UK Year End for employees.
The P60 tax form is a record of how much tax an employee has paid on their salary in the tax year (6 April to 5 April). Employees can receive more than one P60: an employee will receive a P60 for each active work assignment that has a YTD balance. For example, if Susan has wages for two work assignments in a tax year, each one in a separate legal entity in the same organisation, she will receive two P60 forms for the tax year.
The P11D form is a record of benefits in kind (for example, no-interest loans, payments made on behalf of employees, cars, etc.,) that the employer reports to HMRC. Employees might not receive a P11D form if the employer withheld tax from the employee's pay on benefits in kind.
P11 D forms can display consolidated total values for some sections if multiple occurrences have been added via customer import to one or more of Sections A, B, L, or M.
- Section A - Assets Transferred: maximum of 5 occurrences
- Section B - Payments made on behalf of an employee: maximum of 7 occurrences
- Section L - Assets placed at employee's disposal: maximum of 7 occurrences
- Section M - Other items (two rows): maximum of 6 occurrences per row
- Items that attract Class 1A NI contributions
- Items that do not attract Class 1A NI contributions
P11D forms can have multiple pages if there are more than two entries in section F (Cars) and H (Loans). If more than two items have been loaded for either or both of these sections, the sections are repeated on the P11d to all uploaded items. These additional sections are repeated after all other sections have been added. A sum total of all entries in the section is displayed at the beginning of the section; subsequent repeated sections contain the data provided, but the boxes contain no values.
If your organization generates and sends P11D forms to employees, you must also file the P11D(b) form with HMRC.
For detailed information about P60, P11D, and other PAYE forms, see the site https://www.gov.uk/get-paye-forms-p45-p60.
For detailed information about requirements for filing P11D(b) forms, see the site https://www.gov.uk/government/publications/paye-end-of-year-expenses-and-benefits-p11db.