Termination payments

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Produced in partnership with Martin Shah and Gary Barnett of Simmons & Simmons LLP 19th May
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Produced in partnership with Eloise Walker of Pinsent Masons 19th May
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19th May
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19th May
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Section 198 and 199 elections on transactions involving real estateThis Practice Note describes the law and practice relating to elections under...
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Produced in partnership with Martin Wilson 19th May
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19th May
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19th May
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Capital reduction demergersThe reasons why a company might carry out a demerger, and the different ways in which a demerger may be structured, are...
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Produced in partnership with Zoe Feller of Bird & Bird 19th May
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19th May
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Why have a tax covenant?It is market practice for a tax covenant, also known as a tax deed, to form part of the transaction documents in respect of a...
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19th May
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R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D)...
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Produced in partnership with Anne Fairpo of Temple Tax Chambers 19th May
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Transfer of a trade under common ownershipSometimes the restructuring of a business will involve a company transferring an existing trade to a...
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19th May
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SDLT group reliefFORTHCOMING CHANGE relating to FA 2008, Sch 36: In its Tax Information and Impact Note (TIIN) on freeports, the government announced...
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19th May

Most recent Termination payments content

Q&As
How are settlement payments treated for tax and NICs purposes?The taxation of termination payments underwent a substantial reform earlier this year,...
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17th Sep
Q&As
What are the tax consequences of providing for payment to an outgoing employee for post-termination litigation assistance in a settlement...
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17th Sep
Q&As
What is the statutory requirement upon an employer to deduct National Insurance Contributions and PAYE from an employee's salary and would that same...
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17th Sep
Q&As
Does the £30,000 tax exemption for termination payments apply where a person’s office as a director is terminated, but where their employment...
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17th Sep
Q&As
Does the post-employment notice pay (PENP) regime apply where an employee is summarily dismissed (say for gross misconduct) but is subsequently paid a...
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17th Sep
Precedents
Settlement agreement (employment)—indicative tax treatment and post-employment notice pay (PENP) calculation UPDATE: From 6 April 2021, an alternative...
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17th Sep
Precedents
Settlement agreement (employment) (short form)This Agreement is made on [insert date]Parties1[Insert Employer’s name] whose registered office is at...
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17th Sep
Precedents
Settlement agreement (employment)This Agreement is made on [insert date or leave date blank] Parties1[Insert Employer’s name] whose registered office...
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17th Sep
Practice notes
Termination payments taxed as earningsDepending on the circumstances, a payment made or other benefit provided in connection with the termination of...
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Produced in partnership with Sam Whitaker of Shearman & Sterling 17th Sep
Practice notes
Taxation of redundancy paymentsRedundancy is one of five ways in which an employment contract may be terminated unilaterally by an employer where such...
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Produced in partnership with Sam Whitaker of Shearman & Sterling 17th Sep
Practice notes
Taxation of payments for restrictive covenants or undertakingsRestrictive covenants or undertakingsThese are undertakings given by employees during...
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Produced in partnership with Sam Whitaker of Shearman & Sterling 17th Sep
Practice notes
Termination payments qualifying for £30,000 exemptionThe first question in respect of any termination payment or benefit is whether it is taxable on...
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Produced in partnership with Sam Whitaker of Shearman & Sterling 17th Sep
Practice notes
Taxation of payments in lieu of notice or PILONs—pre-6 April 2018 [Archived]ARCHIVED: This Archived Practice Note outlines the pre-6 April 2018 tax...
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Produced in partnership with Lesley Fidler and David Heaton of Baker Tilly for Tolley’s Tax Digest and Sam Whitaker of Shearman & Sterling LLP 17th Sep
Practice notes
Termination payments and taxThe taxation of termination payments underwent a substantial reform in 2018. Consequently, since 6 April 2018, the tax...
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Produced in partnership with Sam Whitaker of Shearman & Sterling 17th Sep

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