Tax on the Termination of Employment
Author: Donald Pearce-Crump
Tax on the Termination of Employment
Tax on the Termination of Employment is a practical and fully comprehensive guide to the tax implications that need to be addressed when an employment is terminated.
This is a practical guide for practitioners dealing with the tax aspects relating to termination of employment when the employee receives a payment which may be chargeable to tax. In this new edition, the relevant rules are followed by a scenario which will enable the user to grasp the statutory implications in a user-friendly way.
The book comprises a discussion of the detailed rules of each of the relevant charging provisions, together with exemptions from those charges.
It covers all aspects including both voluntary payments and payments made pursuant to legal obligations and looks at cash payments and payments in kind, compliance issues, and payments made after termination
Among the key developments covered are the following:
- Update to rules on contracts of service: 1.12 – 1.12B and 1.16 – 1.16A
- Update to examples on benefits code: 7.9 – 7.10
- Updates to payments for restrictive undertakings: 11.7
- Update to computation on unfair dismissal award: 17.64
- Update for appeal in Mathur case: 18.80 – 18.85
- Update to examples on calculation tax with termination payments: 18.92
- Update to example on calculation of PAYE using 0T code: 25.42
- New paras on taxation of residual change payments: 27.55 – 27.52B (Hemmingway case)