Compensation Archives | Taxfile https://www.taxfile.co.uk/category/compensation/ Tax advice & accounting services for South London businesses & SMEs Tue, 30 Jun 2015 18:25:50 +0000 en-GB hourly 1 Lump sums, redundancy & compensation payments https://www.taxfile.co.uk/2008/05/lump-sumsredundancy-and-compensation-payments/ Sat, 31 May 2008 16:17:00 +0000 http://www.taxfile.co.uk/new-Taxfile-WP-blog/2008/05/lump-sumsredundancy-and-compensation-payments/ When dealing with lump sums, redundancy and compensation payments great care needs to be exercised. The reason behind this is that this type of income will not necessarily be taxed as normal employment income. Up to the first £30,000 of any compensation payment can be paid to you without deduction of tax if it is […]

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