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Termination payments: Termination payment negotiated following notice was taxable as emolument

This report relates to 1 case(s)

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    Richardson (HM Inspector of Taxes) v Delaney [2001] IRLR 663 HC (0 other reports)

A lump-sum payment to an employee of £75,000 negotiated and agreed between the employer and employee after the employer had given notice of termination was taxable in full as an emolument from the employment, holds the High Court in Richardson (HM Inspector of Taxes) v Delaney [2001] IRLR 663.