28.09.2017

Changes to Tax Treatment of Termination Payments Effective 6th April 2018

Changes to Tax Treatment of Termination Payments…

The Finance Bill introduces a number of measures in relation to the tax treatment of termination payments.

Employers will be liable to pay national insurance contributions (NICs) on termination payments above £30,000 that are already subject to income tax.

Other changes include making all payments in lieu of notice taxable and subject to Class 1 NICs (removing the distinction between contractual and non-contractual notice payments) and removing the exemptions in relation to foreign service relief and injury or disability payments.

A mature HR professional with over thirty years experience within the HR function both from a strategic and operational perspective, with over 18 years in senior management roles including those at…

Comments

Business Management

Communication is Key

Communication is key in businessImproving both internal and external communications in a…
Business Management

Inclusive, Integrated, Improvements,

Inclusive - Integrated - ImprovementsTo achieve real financial benefits from business…
Training and Development

Procrastination, I’ll deal with that tomorrow.

Nobody as yet has definitely discovered why we all procrastinate and we all do it to some…

More Articles

Business Management

Challenges facing SMEs Part 1 – Bidding work for SME growth

Challenges facing SMEsPart 1 – Bidding work for SME growthby Michael J Pickthall, M.D.,…

Would you like to promote an article ?

Post articles and opinions on Lancashire Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.

Find the right professionals in Lancashire

View The Full Index

Search By:

Submit your Enquiry here

Enquiry Details

Contact Details