Pay in lieu of notice..Tax change. In November 2017 we looked at the forthcoming change to the tax treatment of termination payments (yr.1, iss.7, pg.12, see Follow u p). From 6 April 2018, the
Finance (No. 2) Act 2017 provides that all payments in lieu of notice (PILONs) equivalent to the amount of basic pay will be taxable as earnings, i.e. subject...
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