What are P60´s, P45´s and CIS deduction sheets?
A P60 is a statement of total earnings and tax deducted for the tax year. It is given to you by your employer after the 5 April year end. It is a tax certificate issued at the year end. A P45 is a summary of the total earnings and the tax deducted from your employment and is given to you when you leave that employment. It is also a tax certificate, but issued when you cease employment. A CIS deduction sheet is a tax certificate used solely for sub-contractors in the Construction Industry.
