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Moorthy v Revenue and Customs Commissioners [UT (Tax)] 14.01.16 (Unreported)

Income tax - Termination of employment – Payment of £200,000 made under compromise agreement signed after termination - Whether payment within Chapter 3 of Part 6 of ITEPA 2003 and chargeable to income tax - Whether payment received in connection with termination of employment within section 401 ITEPA - Whether damages for injury to feelings payment on account of injury to employee within section 406 ITEPA - Whether Appellant can rely on ‘concession’ by HMRC to reduce amount chargeable to income tax. HELD taxpayer’s appeal dismissed
Category: Taxation » Employment. Keyword(s): Termination of employment. Area(s) of law: Employment; Tax.
Source: [2016] UKUT 13 (TCC).

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