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Episode 10: Tax on Payments in Lieu of Notice
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In Episode 10 of The Settlement Agreement Solicitor, host Geoffrey Caesar, an expert solicitor with over 20 years of experience, delves into the topic: Tax on Payments in Lieu of Notice (PILON). This episode explores the crucial tax changes introduced in April 2018, which impact how PILON is treated under UK tax law. Geoffrey explains what PILON is, how it was taxed before 2018, and the legislative change that now makes all PILON payments fully taxable, whether or not they’re included in your contract.
Tune in to understand how these changes affect your settlement agreement and why it's vital to get expert legal advice to avoid costly tax implications. If you’re negotiating a settlement agreement, Geoffrey provides valuable insights to help you navigate this process smoothly.
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