P45 - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “P45”

P45

noun [C]
 
 
HR
in the UK, a document that you receive from your employer when you stop working for them. It gives details of how much you have earned and how much tax you have paid while working in the job: When you leave, make sure you get a P45 from your employer. Cuts to the business mean that hundreds of workers will soon be collecting their P45s.
(Definition of P45 from the Cambridge Business English Dictionary © Cambridge University Press)
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