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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? |
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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 Search strategy redundancy.payment national.insurance ://www.google.co.uk/search?hl=en&q=redundancy.payment+national.insurance&btnG=Search&meta= |
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