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HMRC termination payment tax changes

HMRC has confirmed that the payment in lieu of notice tax changes made earlier this year look to both the date of payment and the date of termination, meaning that those changes have effect only for payments made in, and relating to termination occurring in, 2018-19 and subsequent years.

HMRC also confirms that post-employment notice pay (PENP) calculations should not be applied to statutory and non-statutory redundancy payments.