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Business Tax  •  Compliance  •  HMRC  •  Personal tax  •  Taxation

Tottenham Hotspur FC case kicks off employment termination payment tax clarification

By RJP LLP on 26 October, 2016

Football, and the high salaries paid to players, came under scrutiny recently in a disagreement between HMRC and Tottenham Hotspur FC over the tax due on employment termination payment. This case highlights the importance of ensuring the different components of termination payments are fully considered, and the correct tax treatment is applied to each component.

Anne Eager wrote about the case and clarified the current and forthcoming new rules concerning tax payable on employment termination payments for Real Business this month.

Read the article on tax payable on termination payments.

If you would like to discuss any aspect of employment tax in more detail, please contact Anne Eager by emailing ae@rjp.co.uk.

 

http://realbusiness.co.uk/law/2016/10/24/tottenham-fc-kicks-off-employment-termination-payment-tax-clarification/

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31 July 2020 - Normally an important deadline!

All taxpayers due to make self-assessment tax payments on 31 July 2020 can now delay their payment due to the disruption caused by Coronavirus. This includes self-employed taxpayers and also company directors who pay self-assessment tax on dividend income.

Read more in our coverage of Coronavirus and business support from the Government.