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Posted Tue, 22 Feb 2022 10:58:32 GMT by GAZCHRISW
I was made redundant on 30th March, but received my statutory remuneraton, wages owed, outstanding holiday pay etc etc from the receiver in the new tax year, tax deducted. I started self employment 1st July, was I technically employed and self employed this year and does my redundancy remuneration count as received in the last tax year or this tax year.
Posted Tue, 22 Feb 2022 12:08:49 GMT by HMRC Admin 17

Hi,
 
It counts in the year in which it was paid.

Thank you.
Posted Thu, 24 Feb 2022 11:52:41 GMT by GAZCHRISW
Thank you, as a follow up to this point, I received three payments from the Insolvency service for redundancy, arrears of pay and outstanding holiday pay, these were paid net of tax and National Insurance, I was provided with a P45 with blank information, do I include the gross payment figures on my return or the net figures as employed income. As I have made a first year loss, will I be entitled to a refund of the tax paid, will this be automatic upon submission of my return or have to be claimed manually.
Posted Tue, 01 Mar 2022 09:06:21 GMT by HMRC Admin 19
Hi,

You would include the redundancy payment in the redundancy section of the return and the remaining amounts in the employmnt section.

The full tax would go in the employment section.

Thank you.

 

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