New Tax Rules For Termination Payments In UK

By Justin Tarka (April 13, 2018, 11:50 AM EDT) -- On April 6, 2018, there was an important change in the United Kingdom to the way termination payments are taxed. New rules aim to simplify the taxation of termination payments and mean that income tax and national insurance contributions, or NICs, must now be paid on all payments which relate to the notice period....

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