Termination payments

Termination payments guidance:

When employees are transferred along with the business in which they work pursuant to the Transfer of Undertakings (Protection of Employment) (TUPE) Regulations 2006, SI...

Practice Note

Prior to 6 April 2018, an exemption from income tax could apply to termination payments where the employee worked all or part of the employment period overseas (which the...

Practice Note

Some payments made on the termination of an employment or office can be paid tax free. Some of these exemptions are often overlooked in practice. The termination payment...

Practice Note

Restrictive covenants or undertakings These are undertakings given by employees during employment or on termination which restrict their conduct or activities. Due to...

Practice Note

The tax treatment of payments in lieu of notice (PILONs) fundamentally changed under the amendments to sections 402 to 404 of the Income Tax (Earnings and Pensions) Act...

Practice Note

ARCHIVED: This Archived Practice Note outlines the pre-6 April 2018 tax treatment of payments in lieu of notice. For the tax treatment applicable to such payments where...

Practice Note

Redundancy is one of five ways in which an employment contract may be terminated unilaterally by an employer where such termination will be potentially a fair dismissal....

Practice Note

Where an employee has potential claims against the employer under the Employment Rights Act 1996 (ERA 1996) or other employment legislation, or where the employee would...

Practice Note

The taxation of termination payments underwent a substantial reform in 2018. Consequently, since 6 April 2018, the tax (and National Insurance contributions (NICs))...

Practice Note

The first question in respect of any termination payment or benefit is whether it is taxable on basic principles as earnings from or an emolument of an office or...

Practice Note

Depending on the circumstances, a payment made or other benefit provided in connection with the termination of an office or employment may be taxable in full, in part or,...

Practice Note