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P45 retained

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HMRC has withdrawn its plans to introduce a leaver statement instead of a form P45. ‘We have been working closely with employers and stakeholders about the introduction of Real Time Information,’ said Stephen Banyard, Acting Director General for Personal Tax.

‘Employers told us to keep the P45 – which is exactly what we have done.’

The RTI programme is ‘on track’ to start a 12 month pilot from April 2012 with 300 volunteer employers.