.png)
.png)
A few weeks ago Taxation published my response to reader’s query Hello and goodbye.
Briefly this asked whether tax relief would be due if the employee recipient of a ‘golden hello’ payment of £100 000 subsequently had to repay £50 000 because he left half way through the three-year period that he had contracted to work for.
This raised the subject of what the position might be if such a payment exceeded earnings in the year of payment.
The editor was sufficiently intrigued by the concept of employment losses to commission an article on the subject.
As I am fairly new to employment tax issues and my training 20 years ago was under the old Schedule E rules my starting point was to try and get a handle on the structure of the new(-ish) legislation in ITEPA 2003.
In particular I needed...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
