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Early in February 2022 Vera was told that she would be made redundant, this happened on 6 April 2022. The severance package that she received
Early in February 2022 Vera was told that she would be made redundant, this happened on 6 April 2022. The severance package that she received in 2022/23 was: Statutory redundancy 4,000 Non-statutory redundancy, ex gratia 20,000 Signing a non-disclosure/non-competition agreement 10,000
Required: Outline the tax treatment of the redundancy package and explain how the tax liability on the redundancy package could have been reduced if the 34,000 has been split differently
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