Donate SIGN UP

Tax and redundancy

Avatar Image
josadler7 | 09:58 Wed 03rd Nov 2010 | Jobs & Education
1 Answers
Hi
I have just been told that after the consultation period my job is to be made redundant, the company (I have been here 18 months) has offered me a reasonable payout with my notice period of 2 months tax free. The agreement document states the Tax act 2003 (s403) as justification for not tax deduction but it then goes on to say that the company has no tax liability should HM revenue decide to the contrary. This is very worrying – can anyone confirm that tax is not paid or what their experience has been in similar circumstances?
Thank you very much in advance.
Jo
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by josadler7. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
This is the third time I have seen thsi question. I've responded to two. It can be very disjointed and you get incomplete threads if some people post in one but not the others.
If you want everything in one thread you might be better effectively closing two down by redirecting posters to the one you wish to be the main thread.

Only 1 answerrss feed

Do you know the answer?

Tax and redundancy

Answer Question >>