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NICs (Termination Awards and Sporting Testimonials) Bill

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The Bill received its second reading on 30 April and the first sitting of the Public Bill Committee took place on 14 May, with no amendments made. The committee is to conclude its consideration of the Bill on 16 May.

The Bill, introduced on 25 April, will apply Class 1A employer NICs with effect from 6 April 2020 to those parts of termination awards and sporting testimonial payments already liable to income tax. See bit.ly/2Y04lpn.

Issue: 1443
Categories: News
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