Philip Moss, Partner, and Tracey Rutland, Associate, Osborne Clarke, discuss termination payments and how they are taxed
Philip Moss Partner and Tracey Rutland Associate Osborne Clarke discuss termination payments and how they are taxed
The rules have been around for many years but a recent upsurge in enquiries suggests that HMRC is scrutinising more termination payments and increasingly challenging how they have been taxed. With the £30 000 exemption and National Insurance (NI) liabilities the most common areas challenged perhaps now is a good time to revisit this topic with a look at how termination payments are taxed and HMRC's current approach.
The basics
Termination payments are...
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Philip Moss, Partner, and Tracey Rutland, Associate, Osborne Clarke, discuss termination payments and how they are taxed
Philip Moss Partner and Tracey Rutland Associate Osborne Clarke discuss termination payments and how they are taxed
The rules have been around for many years but a recent upsurge in enquiries suggests that HMRC is scrutinising more termination payments and increasingly challenging how they have been taxed. With the £30 000 exemption and National Insurance (NI) liabilities the most common areas challenged perhaps now is a good time to revisit this topic with a look at how termination payments are taxed and HMRC's current approach.
The basics
Termination payments are...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")