Archive: Sep 2015

  • Changes to tax and severance pay

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    On 24 July 2015, the Government launched a consultation on simplifying the tax and National Insurance rules relating to severance pay.  It is proposed that the current £30,000 tax free allowance for severance payments be replaced with a new income tax relief for redundancy at a rate that would rise on a sliding scale in line with […]

  • Is your holiday pay correct?

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      For workers in industries where commission is significant such as the retail motor industry where more than half a sales executive’s income is likely to be made up of commission, what is the effect on holidays? Firstly, how is holiday pay to be calculated?  Secondly, what about after the holiday?  When a worker is […]