Termination payments and benefits: assessment of Section 401 ITEPA 2003 payments and benefits
When there is a chargeable amount EP1362 tells you whether the taxpayer needs to be brought into self assessment.
For payments and benefits received before 6 April 1998, make assessments as and when they are received. The time limits provided by Section 35(1) TMA 1970 will apply to such payments.
To find the year for which the payment or benefit is income, see EIM13110.