You will only pay basic rate of tax on your compensation (redundancy pay) over £30,000.00. Please rememebr that your payment in lieu of notice would be taxed in the normal way i.e at your normal tax rate.
Entries Tagged as 'Basic Rate of Tax'
Basic Rate of Tax
February 16th, 2009 · No Comments · Basic Rate of Tax, Compromise Agreements
Tags: Basic Rate of Tax