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Q: UK Taxation law ( Answered,   0 Comments )
Question  
Subject: UK Taxation law
Category: Business and Money
Asked by: elisdad-ga
List Price: $5.00
Posted: 30 Sep 2006 07:24 PDT
Expires: 30 Oct 2006 06:24 PST
Question ID: 769680
Are United Kingdon redundancy payments subject to National Insurance
deductions, as well as Income Tax deductions?
Answer  
Subject: Re: UK Taxation law
Answered By: answerfinder-ga on 30 Sep 2006 07:49 PDT
 
Dear elisdad-ga,

This guide issued by the Inland Revenue (April 2005) states that you
do not pay National Insurance and you pay tax on the amount above
30000.
http://www.hmrc.gov.uk/guidance/redundancy-factsheet.pdf

You will find the matter of National Insurance payments and redundancy
payments is discussed in the Inland Revenue Manual. The conclusion is
the same.
http://www.hmrc.gov.uk/manuals/nimmanual/nim02580.htm

I hope this answers your question. If it does not, or the answer is
unclear, then please ask for clarification of this research before
rating the answer. I shall respond to the clarification request as
soon as I receive it.
Thank you
answerfinder

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