| Commentary

(g) Employee liabilities

| Commentary

(g)     Employee liabilities

There is an exemption from the termination provisions under ITEPA 2003 ss 409410 for sums paid in respect of employee liabilities and insurance premiums which, had they been paid during employment, would have qualified for a deduction under ITEPA 2003 s 346 (see paras [190][193]). It applies to sums paid within six years after termination of employment. In addition to ordinary 'directors and officers' cover, this would be apt to exempt from tax under the termination provisions a payment in respect

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