Termination payment

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 . 

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, 


 

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

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.