Henrietta (who is not a Scottish taxpayer) is made redundant in March 2021. She receives statutory redundancy

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Henrietta (who is not a Scottish taxpayer) is made redundant in March 2021. She receives statutory redundancy pay of £4,500 and an ex gratia compensation payment from her employer of £40,000, none of which ranks as a payment in lieu of notice.

Her only other income in 2020-21 comprises her salary of £40,180 and dividends of £9,400. Calculate her income tax liability for the year.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:01 AM

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Henrietta (who is not a Scottish taxpayer) is made redundant in March 2021. She receives statutory redundancy

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The exempt part of the ex gratia payment is 25500 30000 450...View the full answer

Taxation Finance Act 2020

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