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Where Taxpayers and Advisers Meet

Tax implications of returning to company after voluntary severance..

flybynight200000
Posts:2
Joined:Thu Jul 27, 2017 12:15 pm
Tax implications of returning to company after voluntary severance..

Postby flybynight200000 » Wed Aug 09, 2017 7:23 pm

Hi everyone,
Would appreciate some advice. I took voluntary severance from a company 3 years and 3 months ago (Was told my job was going anyway) I now have the opportunity to return to them in the same role. I have heard there may some tax implications on my severance pay?

Any advice very much appreciated.

Thanks in advance.

AmanSood
Posts:216
Joined:Mon Jan 09, 2017 4:12 pm

Re: Tax implications of returning to company after voluntary severance..

Postby AmanSood » Thu Aug 10, 2017 9:25 am

Sometimes HMRC question whether the termination/severance payment was genuine if for example the person is rehired shortly after "termination". In this case they would challenge the tax treatment applied. However, given it's been 3yrs and 3 months you shouldn't be concerned about this.

Thanks

Aman
Advising on UK employment, expatriate and personal taxes
aman.sood@e-taxconsulting.com.
+44 (0) 207 846 0155

flybynight200000
Posts:2
Joined:Thu Jul 27, 2017 12:15 pm

Re: Tax implications of returning to company after voluntary severance..

Postby flybynight200000 » Thu Aug 10, 2017 8:10 pm

Aman, your a star thanks very much for your advice.

Best regards.


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