P60 forms, a vital part of the UK's tax documentation, summarize an individual's total income, tax deductions, and National Insurance contributions for a specific tax year. Issued annually by employers, these forms are crucial for tax returns and financial record-keeping. They provide a comprehensive overview of one's earnings and tax obligations, making them essential for individuals to ensure accurate reporting and compliance with HM Revenue and Customs (HMRC) requirements. P60s are typically distributed to employees by the end of each tax year, serving as a key document in the UK's tax and financial landscape.
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