Musician severance pay

Musician severance pay

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I have a client who has received a severance payout from a London theatre under the SOLT/MU agreement. The client has resigned from the relevant show after more than 5 years there. He is self-employed with earnings from the theatre paid under a NT code.

My thought is that this payout is taxable - but does anyone have any advice/other thoughts on this situation?

Thanks in advance.

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By pauljohnston
16th Mar 2016 12:30

taxable I believe

treated as any other business income

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