termination of employment

UK redundancy-related payments: Common areas of tax difficulty and risk

COVID-19 has already had a profound impact on many organisations and across a wide variety of sectors. As a consequence, it is inevitable that many organisations will be examining their current workforce populations, seeking to restructure their business operations for a post-COVID-19 world and some will be considering closing down parts of their business operations …

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Termination payments – changes to the tax treatment

Following its consultation in 2015, the Government has now confirmed the changes which will be made in how termination payments will be taxed, and published draft legislation for comment. The changes will apply “from April 2018”. It is not clear at this stage whether payments pursuant to settlement agreements entered into before that time will …

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