TaxCorporate TaxHMRC to allow electronic P60s

HMRC to allow electronic P60s

Taxman changes regulation to allow easier P60 distribution and duplication

Accountants will soon be able to issue electronic P60s following amendments
to PAYE regulations, HMRC has revealed.

The amendments in regulation means P60s no longer have to be printed and can
be duplicated easier. The changes will take affect in 2010/2011 the next fiscal
year.

“We wanted to give employers, software developers etc a year’s warning of the
changes,” a spokeswoman from HMRC said.

Karen Thomson, associate director of policy, research and strategic
visibility at the Institute of Payroll Professionals (IPP), told
Recruiter:
“With an increasing number of employers now using epayslips, it seems only
appropriate that organisations are permitted to move on from paper to eP60s.”

HMRC will publish employer guidance on the changes in regulation later this
year.

Further reading:

TaxCalc
unleashes online iXBRL software

HMRC’s
e-filing software gaining ground

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