PAYE on redundancy payments

Posted by b.clarke PM | on Fri, 04/03/2011 - 14:13 21325 18 comments | report

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 | Fri, 04/03/2011 - 16:39

Discrimination?

b.clarke | Fri, 04/03/2011 - 18:05

Am I missing the point?

Euan MacLennan | Sun, 06/03/2011 - 11:29

That's not quite how it's set up

b.clarke | Sun, 06/03/2011 - 21:16

Probably more accurate in most cases

Ardeninian | Mon, 07/03/2011 - 09:56

Agreed

Euan MacLennan | Mon, 07/03/2011 - 10:20

If time permits...

Cirius di Lemma | Thu, 10/03/2011 - 11:43

Bleeding hearts

Johnque | Sat, 12/03/2011 - 10:10

@Johnque

Euan MacLennan | Sat, 12/03/2011 - 11:19

Not just slightly worse off...

Toucan | Thu, 17/03/2011 - 14:53

Toucan, in your specific circumstances,

Cirius di Lemma | Thu, 17/03/2011 - 15:16

..and am I also missing the point?

mikerv | Fri, 15/04/2011 - 21:12

The point is ...

b.clarke | Sat, 16/04/2011 - 18:37

to ease the problem...

mikerv | Sat, 16/04/2011 - 19:43

What should I get

2ks | Mon, 16/05/2011 - 19:53

Looks right

Euan MacLennan | Tue, 17/05/2011 - 13:54

Thanks -

2ks | Tue, 17/05/2011 - 16:07

Have I fallen foul of this?

blenky | Tue, 24/05/2011 - 18:05