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Thanks for that cmiskin. I'll pop into the article and make that amend now.
No new news on the exclusions list as yet - I'll follow that up with HMRC.
All the best,
Many apologies Wendy - a heinous omission that's now been put right.
All the best,
In relaying the message from the CIPP days became months. You are, of course, correct, and I've amended the comment.
Thanks for flagging this up, best wishes,
Many thanks for your questions. I've heard back from the CIPP, here's what they had to say:
"...regarding ‘P’ in the calculation. As stated in the article ‘P’ is the last pay period before termination. In the example given termination was July, so the previous pay period was June (30 days).
"The second query is regarding calendar months or working days. The legislation talks of ‘days’, not ‘working days’, but it may be that it doesn’t stipulate so that employers can refer to their employment contracts and use that to calculate the termination payment. There should be more clarity on this in the guidance (when it is published)"
*Edit* That should read 30 days, not 30 months. Apologies.
Hi AnnAccountant - thanks for commenting and my apologies for the unnecessary stars...
The site is fitted with an automated 'profanity filter' which can be a little over-enthusiastic at times. I've gone in and tweaked the settings so hopefully your comment should now show up in full.
All the best,
Thank you for your comment Justin. Despite my earlier glibness, it is appreciated.
While tax luminaries like yourself might not take too much interest in this case, it has generated plenty both in the accounting community and the wider news environment.
And I respectfully disagree with you about following the herd. a) we were one of the first to publish the story yesterday, which was on the Today programme this morning; and b) there were glaring inaccuracies in the way it was reported in the mainstream media, and as a publication for finance professionals it's up to us to get the facts right.
Thanks for flagging that case - I'll raise it with our tax editor at our next news meeting on Monday.
Have a good weekend,
Sad face :-(
And apologies for the bird noises in the background. We weren't recording on the beach - the office was unseasonably warm and we had to open a window...
Thanks LynneG - that's now been amended.
Some timely and important questions there - many thanks everyone. I'm going to gather them up and see if the CIPP are willing to answer some (or hopefully all) of them in a follow-up piece.
*edit: apologies for getting people's hopes up - I got a little over-excited and jumped the gun with the above post.
As set out by the author, the article is intended as guidance, and the CIPP can't comment on individual circumstances. Professional advice should be sought depending on the facts of each case.