Based on the enquiries we receive by telephone; we have made a list of answers to our most frequently asked questions. This article covers questions about accounting and tax. Q: What is a P45? A: A form given to an employee when their employment has ended. It details their gross pay and the tax paid in the current tax year. Q: What is a P60? A: A form that shows how much you earned and how much tax you have paid at the end of a tax year.