Olympic site taken over by Legacy Company

Olympic site taken over by Legacy CompanyPeople in accounting jobs may find dealing with tax far simpler with the introduction of electronic P60 certificates.

Amendments to PAYE legislation mean that paper tax certificates no longer need to be printed and, according to Accountancy Age, making duplicates will become easier.

HMRC was praised by the Institute of Payroll Professionals (IPP) for introducing the electronic certification.

In a statement, it hailed the move as a "fantastic example" of showing the government wanted to work with employers to reduce the burden on payroll staff from employees requesting paper P60s.

The institute's associate director of policy, research and strategic visibility Karen Thomson believes it is "only appropriate" that businesses are allowed to switch to electronic P60s, given that many firms already issue ePayslips to staff.

However Ms Thomson said that employers needed to reach an agreement with staff and ensure that workers could access both payslips and tax certificates online.

People in accounting jobs will begin using the new version during the next fiscal year starting April 1st.

By Ben Carter

Published 22nd March, 2010

© 2010 Estates IT Limited

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