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Posted Tue, 24 Oct 2023 12:51:48 GMT by Edyta B
Hello, I run a limited company and I plan to sign a settlement agreement with one of my employees. Can the termination payment be included as an expense in the company? 

Name removed admin . 
Posted Fri, 27 Oct 2023 06:24:25 GMT by HMRC Admin 25
Hi Edyta B,
Sorry, there is insufficient information here to give a definitive answer.
It depends on the nature of the payment and reasons it was incurred.
Thank you, 


 
Posted Fri, 27 Oct 2023 07:23:58 GMT by Edyta B
Hello, thank you for your answer. Could you explain to me when termination payment can be included as an expense and when it cannot? Thank you
Posted Tue, 31 Oct 2023 10:49:32 GMT by HMRC Admin 17

Hi 
Edyta B ,
 
Unfortunately, we cannot answer questions that are "non-specific" .

You may need to either write in to us at,

Corporation Tax Services,
H M Revenue & Customs,
BX9 1AX,

with full details of the termination payment and detail what the specific question is that you need an answer to or
consider seeking professional accountancy advise .

Thank you.
  

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