A recent case involved the tax and NI treatment of a compensation payment. The Taxman incorrectly said some of the payment was chargeable to tax. Where did he go wrong and how should such payments be
treated?
Published 10.07.2009
Because of economic conditions you decide to trim your payroll and let a few employees go. However, is there anything you need to do to make sure your company gets a tax deduction for any pay-off
involved?
Published 25.09.2008
Normally the first £30,000 of an employee’s pay-off is tax-free, but the Taxman is arguing otherwise. Is he right?
Published 10.03.2005
Sometimes you and your employees have to part company. If this is after a period of long-term sickness, can you reduce the cash you pay them by signing over PHI payments from an existing policy?
Published 08.11.2007
When the time comes to hand over the company to the next generation, they might want to show their appreciation by paying you a lump sum. The Taxman will, of course, want a bite out of this. How can
you keep this to a minimum?
Published 11.07.2012
One of our subscribers is facing a bill for £5,000 in extra tax and NI as a result of not checking the small print in his own employment contracts. What caused this trouble and how could it have been
avoided?
Published 21.12.2012
If a job becomes redundant it might be more than the worker you no longer need. The tools they used for their job may also be surplus. If you give these to the employee as part of their redundancy
package what will the Taxman say?
Published 17.10.2012
HMRC has always taken a tough line on the tax treatment of redundancy payments to director shareholders, especially when a company ceases to trade. What’s the problem and how can it be resolved?
Published 16.02.2015
Sometimes you just have to let employees go; it’s not easy, but a pay-off can help sweeten the pill. We’ve found a simple way that ensures the termination payment is tax-free up to the £30,000 limit
in most cases. Read on.
Published 26.10.2006