Let me provide you some information about P60 so you'll know if whether or not the taxable pay is already correct,TrayBel70.
We've looked into this. The P60 form shows how much tax and National Insurance employees have paid on their salary in the last tax year. This form will only show your annual taxable income and not your gross income. Thus, some payments are non-taxable and therefore will not be included in your P60 figures. You'll want to run the Gross to Net report for the previous financial year and view the Taxable pay column to verify accurate P60 results.
Apart from this, I recommend this article which has a video tutorial about payroll year-end: Payroll Year End 2020/2021 for QuickBooks Online Standard Payroll.
Keep in touch if you need anything else about P60. The Community is always here to help you 24/7.
