Taxation of termination payments

HMRC undertook a consultation exercise on the taxation of termination payments in July 2015. A summary of the responses and a consultation on the draft legislation will be published later in 2016.

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

Justin Briggs

Justin Briggs Partner

  • Pensions Disputes
  • Trustees and Trust Companies
  • Professional Negligence

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