Commentary

(f) Separate payment for restrictive covenant

Division BII Taxation of Employment Income
| Commentary

(f) Separate payment for restrictive covenant

| Commentary

(f)     Separate payment for restrictive covenant

Sixth, on termination of employment a separately identifiable payment is made in connection with the employee's acceptance of a restrictive covenant. This is chargeable to tax under ITEPA 2003 s 225, whether or not it exceeds £30,000.

To continue reading
Analyse the law and clarify obscure passages all within a practical context.