29 July 2015 Amanda Darley, Head of Operations and Engagement
HMRC has launched a consultation into the Simplification of the Tax and National Insurance Treatment of Termination Payments.
The consultation is designed to assist reform in this area "so that above all else an employee has certainty about the amount of money they will receive when they lose their job" but also with the hope of bringing "real simplification" for businesses too. This is currently a complex area and one that HMRC finds that businesses often get wrong (as per our previous article).
Suggestions in the consultation (largely drawn from the Office of Tax Simplification report published last summer), include:
BUFDG would like to submit a response to this consultation, based on members' views. We have, therefore, created a template for responses which includes all the questions from the consultation document which you can download here, then complete and send to Amanda. You do not have to answer all the questions. Please provide your responses by 30th September.