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Hill v HMRC [2015] UKFTT 0295

Compensation paid under a settlement agreement for change in contract is taxable as emoluments from employment, not as a potentially tax free termination payment

In Hill v HMRC the First-tier tax tribunal held that £30,000 paid as compensation under a compromise agreement should be taxed as emoluments from employment rather than as a sum paid on termination of employment which benefits from the £30,000 tax exemption under section 401 Income Tax (Earnings and Pensions) Act 2003 (ITEPA).

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