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
  Show all updates

  1. 29 March 2022

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

  2. 25 March 2021

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

  3. 21 July 2020

     First published.

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