Tax relief on lump sum from changes in employment

Tax relief on lump sums from changes in employment

Tax relief is available to certain full time employees who receive certain payments which are liable to PAYE

The relief applies to payments which compensate employees for a reduction or possible reduction of future wages arising from

a) Re-organisation of the employers business

b) Change in work procedures, duties or rates of salary

c) Change in the place where the duties of the office or employment are performed

This relief is not available to a director who owns > 15% of their company or part time employees

Subject to qualifying conditions

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie