All posts by Graham Muir, Tax Partner, CMS

Following the announcement in the Autumn Statement, the revised draft legislation relating to the new regime on the taxation of termination payments, due to apply from April 2018, was published on 5 December 2016. As presaged by the Chancellor, the legislation has greatly simplified the original proposals, removing the complexity (and the potential unfairness) inherent … Continue reading The new termination payments regime – draft legislation published

Background Following a consultation process in 2015, the Government announced at Budget 2016 that it would make changes to the taxation of termination payments. The Office of Tax Simplification (OTS) had previously highlighted the complexity of the existing rules in its report in 2014 and recommended that they be simplified. On 10 August 2016, HMRC … Continue reading The new regime for termination payments