04 April 2016

HMRC undertook a consultation exercise on the taxation of termination payments in July 2015.

Following on from that, HMRC stated last week that it has received a large number of comments on the consultation document, which it is now considering.

A summary of the responses and a consultation on the draft legislation will be published by HMRC later in 2016.

Caroline Harwood, Burges Salmon's Director, Incentives, said: “Since Burges Salmon's Incentives team and Employment Law team together provided one of the responses to the consultation, we look forward to the outcome with particular interest.”

Key contact

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Adrian Martin Partner

  • Head of Employment
  • TUPE: Business Transfers and Outsourcing
  • Restructuring and Redundancy

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