Employees’ free advice compensation is chargeable to income tax
Court of Appeal
“Payments to former employees of a bank to compensate them for the termination of an arrangement to provide them with a free tax advice service were made in connection with past service and were chargeable to income tax as relevant benefits requiring the bank to account to the Revenue for the tax under the pay-as-you-earn provisions. ”
The Times, 5th June 2007
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