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Daniel was an employee of Superfit Manufacturing Limited (SUPERFIT) for 22 years and 10 months. He was made redundant by the company on 31 August
Daniel was an employee of Superfit Manufacturing Limited ("SUPERFIT") for 22 years and 10 months. He was made redundant by the company on 31 August 2022. Daniel's salary from 6 April 2022 to the date of his redundancy was £28,800 gross (PAYE paid £7,740). Daniel was provided with a company car by his employer until the date of his redundancy. The petrol car was purchased in May 2021 and had a list price of £25,000 and had CO2 emissions of 141g/km. Daniel paid £100 per month towards the fuel costs. All other fuel costs were paid for by his employer. Daniel received the following redundancy package from his employer. £ Statutory Redundancy Payment 8,250 Payment in Lieu of Notice* 6,000 Non Contractual Redundancy Payment 32,000 Total 46,250 * Under the terms of Daniel's contract his employer is contractually obliged to provide a notice period Requirement Calculate the tax payable for 2022/23 by Daniel.
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