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Whats the difference between a P60, P45 and a Tax Statement (CIS25)?

April 26, 2017cis25 difference P45 P60 tax

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Whats the difference between a P60, P45 and a Tax Statement (CIS25)?

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A P60 is a statement of income and Tax to the end of the Tax Year. You will receive a P60 from your employer in April. A P45 is your Group Certificate received when you finish employment. A Tax Statement (CIS25) is a unique Tax Form solely used in the construction industry and issued by your Contractor each Month.