2. P45 forms are in four parts, part 1 is retained with the issuing employer and the employee retains part 1 A and may hand parts 2 and 3 for the new employer. The new employer cannot make use of the P45 tax details unless both parts are given over. If either part 2 or 3 with the P45 form is missing then this employee must be asked to complete the Inland Revenue P46 form. Inherent flaws in accounting earnings In 2010, China overtakes Japan being the other world's economy. According to economists, China remains to be a developing country with fast pace of growth. Data released that Japan\'s gross domestic product is $1.286 trillion while it is worth $1.335 trillion for China. Another source demonstrates Japan keeps growing at 2-3 percent in compared with 10 % a year of China. This is one of several economic forecasters who will suffer a downturn if voters leave the eu.