| Commentary

(12) Revenue rulings

| Commentary

(12)     Revenue rulings

The Revenue is generally willing to give rulings on the taxability of termination payments. Provided the enquirer has acted in good faith and provided all relevant information, the Revenue will treat its answer as binding on it. A ruling may be given under the procedures in HMRC's published leaflet CAP 1 and its annexes (Clearances and Approvals 1: How non-business customers or customers with a query about non-business activities get advice on HMRC's interpretation of recent tax legislation). More guidance specifically in relation to termination payments is found in the Employment Income Manual at

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