A non-statutory redundancy payment made by way of a lump sum, paid to compensate for loss of redundancy rights was not an emolument and was not chargeable to income tax. Nor is it a payment for a contingent right.
Gazette 13-Oct-1993, Ind Summary 16-Aug-1993, Times 23-Jul-1993, [1993] UKHL TC – 66 – 273
Bailii
England and Wales
Updated: 26 October 2021; Ref: scu.83337