Employees are constantly asking us whether their payments in lieu of notice (PILON) ought to be taxed. The answer is yes, theywill be taxed in the usual way plus national insurance will be payable. Any PILON will be included in an employee’s compromise agreement.
If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:
- http://www.rtcoopers.com/practice_employment.php
- http://www.rtcoopers.com/faq-redundancyemployee.php
- http://www.employmentlawyersinlondon.com/video.php
- http://www.employmentlawyersinlondon.com
© RT COOPERS, 2010. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.
admin // Aug 3, 2010 at 5:16 pm
Thanks
Thank you.
Employment Team
If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:
http://www.rtcoopers.com/practice_employment.php
http://www.rtcoopers.com/faq-redundancyemployee.php
http://www.rtcoopers.com/redundancy.php
http://www.employmentlawyersinlondon.com/video.php
http://www.employmentlawyersinlondon.com
© RT COOPERS, 2010. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.
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