Part 6Employment income: income which is not earnings or share-related
Chapter 3Payments and benefits on termination of employment etc.
Payments and benefits treated as employment income
402BF1Termination awards not benefiting from threshold to be treated as earnings
1
The amount of a termination award to which this section applies—
F2a
is treated as an amount of earnings of the employee, or former employee, from the employment F3, but
b
is not capable of being an amount to which section 27 applies by virtue of subsection 1(a) or (b) of that section (UK-based taxable earnings for year when employee not resident in UK).
2
See also section 7(3)(b) and (5)(ca) (which cause amounts treated as earnings under this section to be included in general earnings).
3
Section 403(3) (when benefits are received) does not apply in relation to payments or other benefits to which this section applies.