 |
 |
|
|
Enter details of any compensation or redundancy payments. Enter the full amount, the computer will deduct the tax free annual exemption of £30,000.
Some amounts are not taxable and should be omitted:
Payments for counseling services that are tax exempt (some payments are taxable)
Reimbursed legal costs paid direct to the client's solicitor in connection the their termination settlement but only for those costs relating to compensation for loss of employment.
Terminal grant, gratuity or other lump sum paid under Royal Warrant, Queen's Order or Order in Council to members of HM Forces.
Redundancy payments are entered in the 'Lump sum relating to termination of employment' field.
|
Field Description |
IR204 |
Box |
|
Details (information only) |
- |
- |
|
B |
1.27/1M.43 |
|
|
C |
- |
|
|
J |
1.26 |
|
|
(Total: C - J) |
K |
1.28/1M.44 |
|
D |
- |
|
|
E |
1.25 |
|
|
F+H |
1.25 |
|
|
Exempt employers contribution an overseas pension scheme (new for 2007) |
|
1.26A |
|
G |
1.24 |
|
|
(Total: D - E - (F+H) - G) |
L |
1.29/1M.45 |
|
Tax included in P60 (from 2004) |
|
1.30A |
|
Tax deducted at source |
|
1.30 |
|
Foreign tax |
|
1.38/F3 |
|
Country |
|
F3 |
|
|
|
