188体育

EIM13874 explains that, with effect from 6 April 2018, the post-employment notice pay element of all 鈥榬elevant termination awards鈥� is chargeable to income tax as general earnings. Post-employment notice pay is calculated using the PENP formula (see EIM13880).

In the PENP formula, 鈥楧鈥� is the number of calendar days in the 鈥榩ost-employment notice period鈥�. The 鈥榩ost-employment notice period鈥� is the period beginning at the end of the last day of employment and ending with the 鈥榚arliest lawful termination date鈥�.

EIM13898 provides the definition of 鈥榚arliest lawful termination date鈥�.

Where an employee鈥檚 employment contract is a 鈥榣imited-term contract鈥� and does not include a requirement for notice to be given by either the employee, or the employer before the employment is terminated then the 鈥榩ost-employment notice period鈥� is the period beginning at the end of the last day of employment and ending with the day of the occurrence of the 鈥榣imiting event鈥� (see example 3 at EIM13892).

EIM13890 explains how to calculate 鈥楧鈥� where the employment contract is not a 鈥榣imited-term contract鈥�.

EIM13898 provides the definitions of 鈥榣imited-term contract鈥� and 鈥榣imiting event鈥�.