P45

Definition

noun
a form given to an employee who leaves a company, showing how much tax has been deducted from his or her salary

Use P45 in a sentence

You should always make sure that when any employee has left you get them the correct p45 that they need.

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Larry's former employer was not familiar with a P45 form and therefore did not supply him with the required form when he left his job

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When leaving a job, a person is responsible to file a P45 tax form, which shows how much taxes have been deducted from this person in that particular year.

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