P60 information to be provided electronically
PAYE information can be given to staff in electronic format, but the taxman still needs a paper version
CHANGES TO THE PAY AS YOU EARN TAX (PAYE) will allow employers to electronically provide P60 information to their employees. However, HM Revenue & Customs will not have the facilities to receive P60 information electronically.
Employers will need to continue sending paper versions of the employee tax data to the taxman. The electronic P60 can be used from the fiscal year 2010/11.
Employers must confirm with staff of their decision to switch to an eP60 format. Businesses need to ensure employees can access the information securely and are able to print a copy if needed.