Contact us for comprehensive advice on tax and NIC treatment.
Termination Payments 
Along with employment status this is a key target area for HMRC review.
A common misconception, for example, is for the first £30k of any package on termination to be treated as tax-free and a payment in lieu of notice to be paid without deduction of tax or NIC.
We can provide comprehensive advice on the correct tax and NIC treatment of a termination package giving assurance that there won’t be any shocks some years down the road when HMRC carry out a PAYE enquiry.
Sign up to our RSS