Tax on the Termination of Employment is a practical and fully comprehensive guide to the tax implications that need to be addressed when an employment is terminated.
This is a practical guide for practitioners dealing with the tax aspects relating to termination of employment when the employee receives a payment which may be chargeable to tax. In this new edition, the relevant rules are followed by a scenario which will enable the user to grasp the statutory implications in a user-friendly way.
The book comprises a discussion of the detailed rules of each of the relevant charging provisions, together with exemptions from those charges.
It covers all aspects including both voluntary payments and payments made pursuant to legal obligations and looks at cash payments and payments in kind, compliance issues, and payments made after termination.
Previous ISBN: 9781845925154
Donald Pearce-Crump is Director of the Tax Training Department at BDO LLP. He lectures and publishes regularly in a wide range of academic and professional journals.
PART I 1 General Legal Matters; 2 The Scheme of Legislative Provisions Dealing with Termination Payments; 3 Analysing Termination Packages; PART II 4 Earnings from Employment; 5 Termination Payments that are Earnings from Employment; PART III 6 The Benefits Code; 7 The Application of the Benefits Code to Termination Benefits; PART IV 8 Payments for Restrictive Undertakings: General; 9 Cash Payments for Restrictive Undertakings; 10 Non-Cash Payments for Restrictive Undertakings; 11 Payments for Restrictive Undertakings Made on Termination of Employment; PART V 12 Benefits from Employer-Financed Retirement Benefits Schemes: General; 13 Benefits from Employer-Financed Retirement Benefits Schemes: Cash Benefits; 14 Benefits from Employer-Financed Retirement Benefits Schemes: Non-Cash Benefits; 15 Benefits from Employer-Financed Retirement Benefits Schemes: Exceptions; 16 Benefits from Employer-Financed Retirement Benefits Schemes: Gifts made on Termination of Employment; PART VI 17 Residual Termination Payments: General; 18 Residual Termination Payments: Cash Benefits; 19 Residual Termination Payments: Non-Cash Benefits; 20 Residual Termination Payments: Exceptions and Reductions; 21 Termination Payments that are Residual Termination Payments; PART VII 22 The Application of Capital Gains Tax to Termination Payments; 23 National Insurance Contributions and Termination Payments; 24 The Tax Treatment of the Employer; 25 Compliance Issues; PART VIII 26 Inducement Payments; 27 Change Payments.