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P60U - can someone explain ?

  • headabovethewater
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6 months 2 weeks ago #291133 by headabovethewater
P60U - can someone explain ? was created by headabovethewater
Apologies for the ignorance, I'm on new style esa support group.
Today I have received a P60u from BA/dss

I really don't understand what it means? Is this a yearly thing I file or does it mean the esa has stopped? It lists benefit rate for current claim year to Apr 5th. £0 tax deducted and a tax code.

Any help greatly appreciated many thanks

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6 months 2 weeks ago #291144 by Gordon
Replied by Gordon on topic P60U - can someone explain ?
hatw

New Style ESA is liable to tax, but that does not mean that you will pay more tax or indeed any as a result, that will depend on your personal circumstances.

The P60 is simply your annual tax statement, you need to file it and retain the form for at least seven years.

Gordon

Nothing on this board constitutes legal advice - always consult a professional about specific problems

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  • headabovethewater
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6 months 2 weeks ago #291146 by headabovethewater
Replied by headabovethewater on topic P60U - can someone explain ?
Thank you so much having a real fog time at the moment, will put in a file. Where would we be without this site! Much appreciated
The following user(s) said Thank You: lesley

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