PAYE on redundancy payments

Apparently, HMRC want to change the taxation of redundancy payments from 6th April, and tax the excess over £30,000 using code OT. This would result in HMRC getting lots of interest free loans, and the ex-employees would have the hassle of claiming it back after the year end. So far, I've seen nothing on it except Money Box 19th February. It's the last item, about 21 minutes in.

Is this being resisted by the profession? Does anyone know what's going on?

 

Comments
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HMRC Employer Update 39...

Ardeninian |

Discrimination?

b.clarke |
b.clarke's picture

Am I missing the point?

Euan MacLennan |
Euan MacLennan's picture

That's not quite how it's set up

b.clarke |
b.clarke's picture

Probably more accurate in most cases

Ardeninian |

Agreed

Euan MacLennan |
Euan MacLennan's picture

If time permits...

Cirius di Lemma |

Bleeding hearts

Johnque |

@Johnque

Euan MacLennan |
Euan MacLennan's picture

Not just slightly worse off...

Toucan |

Toucan, in your specific circumstances,

Cirius di Lemma |

..and am I also missing the point?

mikerv |

The point is ...

b.clarke |
b.clarke's picture

to ease the problem...

mikerv |

What should I get

2ks |

Looks right

Euan MacLennan |
Euan MacLennan's picture

Thanks -

2ks |

Have I fallen foul of this?

blenky |