Policy paper

Changes to the treatment of termination payments and post-employment notice pay for Income Tax

This measure introduces changes to the taxation of termination payments and post-employment notice pay.

From:
HM Revenue & Customs
Published
21 July 2020
Last updated
29 March 2022 — See all updates

Documents

Changes to the treatment of termination payments and post-employment notice pay for Income Tax

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Draft legislation

PDF, 69.3 KB, 2 pages

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Explanatory note

PDF, 122 KB, 2 pages

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Details

The legislation introduced by this measure will:

  • amend the rules on post-employment notice pay
  • add provisions relating to post-employment notice pay in Income Tax (Earnings and Pensions) Act 2003
Published 21 July 2020
Last updated 29 March 2022 + show all updates

  1. Updated the 'Further advice' section to include a link to more information about tax on termination payments.

  2. Updated Exchequer impact table with values for years 2019 to 2020 to 2024 to 2025.

  3. First published.

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