Trina Nunn (Bury St Edmunds)

Taxation of Termination Payments: ‘All change’ HMRC has, for a while now, been trying to find a way around allowing the £30,000 tax free termination payment to employees. This may, in part, be from the knowledge that there have been occasions where some employers have excluded the inclusion of ‘payments in lieu of notice’ (PILON)…

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ECJ Ruling: Holiday pay must be calculated based on all elements of normal earnings. A new case (British Gas v Lock) has confirmed that holiday pay calculations should take account of commission earnings as well as overtime. Mr. Lock, a salesman for British Gas received a basic salary plus commission on a results based. The commission element…

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Health Professionals Targeted in New HMRC Campaign. People in the health and wellbeing professions who have taxable income that they have not told HM Revenue and Customs (HMRC) about are being targeted in a new campaign. The Health and Wellbeing Tax Plan offers health professionals a time-limited opportunity to bring their tax affairs up to…

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Chancellor delays Christmas. Don’t go splashing out on new medical/dental toys before Christmas; wait until the January “tax sale”! The Annual Investment Allowance is to increase from 1st January 2013 to £250,000 for a two year period. Therefore careful planning pre and post 31st December 2012 could accelerate a claim for allowances and reduce the…

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