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Monthly Archives: March 2011

UK Employment Law Update: Changes to the way termination payments are calculated

Posted in Legislation

From 6 April 2011, the new Income Tax (Pay as You Earn) Regulations 2011 come into force. These regulations will have an effect on the calculation of payments made to ex-employees after the issue of a P45. The Current Position Currently, should a company make a payment to an ex-employee after the issue of a P45, it will apply the basic… Continue Reading