(d) Redundancy payments—statutoryNo liability to income tax on earnings, or in respect of employment income other than earnings, arises by virtue of a statutory redundancy payment made under the ERA 1996 Part 11, other than under Part 6 Ch 3 (the termination provisions) (ITEPA 2003 s 309(1), (3)). There is a similar restriction on a charge on a payment on termination of employment under an agreement in respect of which there is an order in force under the ERA 1996 s 157 (exemption orders by the Secretary of State).The effect of this is
No liability to income tax on earnings, or in respect of employment income other than earnings, arises by virtue of a statutory redundancy payment made under the ERA 1996 Part 11, other than under Part 6 Ch 3 (the termination provisions) (ITEPA 2003 s 309(1), (3)). There is a similar restriction on a charge on a payment on termination of employment under an agreement in respect of which there is an order in force under the ERA 1996 s 157 (exemption orders by the Secretary of State).
The effect of this is
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