Termination payments
A director (not close company and he doesnt have shares) has had his contract terminated. He has been negotiating a compromise agreement where he is going to receive compensation of £200k.
Is it possible to have written into the compromise agreement that, say, £130k is receivable now and £70k receivable in the next tax year and, therefore, have the £70k taxed as part of next years income?
Thanks for your thoughts.
- Connected Persons and Incorporation 42 3
- Letter from the Official Receiver 185 3
- A holding company? 53 4
- AWeb time outs 237 10
- CIS TAX REFUNDS 135 5


Probably