EIM12830 - Termination payments and benefits: common questions: cross-references to instructions
»Ê¹ÚÌåÓýapp table below lists some of the more common questions about the tax treatment of termination payments and benefits. It is not comprehensive nor in any particular order.
»Ê¹ÚÌåÓýapp best starting point for guidance on dealing with termination payments is EIM12805.
| ### Common question | ### Guidance |
|---|---|
| Are termination payments and benefits always taxable under Section 401 ITEPA 2003? | EIM12805 |
| How is post-employment notice pay (PENP) calculated? | EIM13874 |
| How are non-cash benefits valued for Section 401 ITEPA 2003 purposes? | EIM13250 |
| How is unfair dismissal dealt with? | EIM12960 |
| What is a restrictive covenant? | EIM03600 |
| How are payments in lieu of notice (PILONs) taxed? | EIM12975 |
| What are damages? | EIM13070 |
| What difference does a compromise agreement make? | EIM12855 |
| How are out of court settlements dealt with? | EIM12855 |
| How is compensation for loss of office dealt with? | EIM12852 |
| What can be taxed by Section 401 ITEPA 2003? | EIM13000 |
| What are the reporting requirements for employers for Section 401 ITEPA 2003? | EIM13844 |
| What is a genuine redundancy? | EIM13800 |
| Must a clearance be given for a redundancy scheme? | EIM13785 |
| What is the year of assessment for Section 401 ITEPA 2003? | EIM13100 |
| How are awards by Employment Tribunals taxed? | EIM12950 |