Policy paper

National Insurance (Termination Awards and Sporting Testimonials) Bill – Factsheet

On 25 April 2019, The Government introduced the National Insurance (Termination Awards and Sporting Testimonials) Bill to Parliament.

Documents

Details

The Bill introduces an important simplification of the tax system that helps to more closely align the Income Tax and NICs treatment of termination awards and sporting testimonials. Currently, the fact that termination awards and sporting testimonials are subject to different Income Tax and NICs treatment creates confusion.

This document sets out further detail on the changes being made by this legislation.

Published 29 April 2019