Payments which were made in lieu of a termination notice were taxable, because the right to make such payments had been explicitly reserved in the contract of employment, and the payment was therefore under that contract.
Citations:
Times 14-Nov-1997, Gazette 12-Nov-1997
Statutes:
Income and Corporation Taxes Act 1988 19(1)
Jurisdiction:
England and Wales
Income Tax, Employment
Updated: 25 May 2022; Ref: scu.80313
