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Theresa May's eventful speech: What exactly is a P45?

Government forms are rarely attention grabbing, but today a P45 became the centre of attention at Theresa May's key speech.

CE grab of protester handing May P45 before escorted out.
Image: An unexpected P45 is never a welcome surprise
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As Theresa May tackled one of the most important speeches of her political career, a P45 was handed to her by comedian Simon Brodkin.

But what is a P45?

:: You get sent a P45 form whenever you finish a job - whether you are sacked, resign, retire or simply come to the end of your contract.

:: There are four parts to the document: one gets sent to the tax man, you hand two to your next employer and you keep one copy for yourself.

:: As well as employer and employee details and the date of your final day of employment, the certificate shows how much tax you've paid on your salary in that tax year.

:: Employers have to send a P45 to all leaving members of staff, and failure to do so can result in a fine.

The phrase "receiving your P45" is widely understood to mean you are no longer in a job.