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HMRC have published a policy paper, 'Changes to the treatment of termination payments and post-employment notice pay for Income Tax'. This proposes to amend the rules for the calculation of Post-Employment Notice Pay on termination of employment from 6 April 2021.

Links

Termination, redundancy and leaving payments (from 6 April 2018)
How are redundancy and termination payments taxed? What amounts can be paid tax free? What amounts are taxable as earnings?

Finance Act 2020: Rolling planner and tracker
Follow key tax announcements in real time

Finance Bill 2021: proposals to date
We list the proposals for the new bill.

External links

HMRC: policy paper, 'Changes to the treatment of termination payments and post-employment notice pay for Income Tax'