In the United Kingdom, a P60 is a statement issued to taxpayers at the end of a tax year. It is an end-of-year certificate that shows how much an employee has earned in that financial year and how much they have paid in income tax, National Insurance contributions, statutory payments made to the employee, and student loan repayments. The P60 is generated by employers, rather than HMRC, and is issued to employees by their current employer at the end of the tax year. It is important for employees to keep their P60 forms as they form a vital part of the proof that tax has been paid and can be used as proof of income for a mortgage application or to claim back overpaid tax from HMRC. Employees should receive their P60 by 31 May, either on paper or electronically. If an employee loses their paper P60, an employer may issue an online statement of earnings which provides the same information.