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A P-60 form is known as an End of Year Certificate. This form is used in the United Kingdom and Ireland. It will be sent out to taxpayers at the end of the tax year to provide the individuals with information about their taxes. This form should not be destroyed, as it will serve as proof that a party paid their taxes for the year.
In Ireland and the UK, this form will detail a taxpayer’s taxable income and deductions for the year. It will include deductions from PAYE, PSRI, health levies, and the Universal Social Charge depending on where the taxpayer lives. This form will be provided to individuals from their employer. The taxpayer will then be able to use this form to determine how many taxes they paid and how many taxes they may owe to the government.
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