Will You Owe Tax On Redundancy If Your Company Goes Into Administration?

The process of redundancy can be a sensitive tedious process, since it involves a number of legal obligations and emotional factors for both employers and employees. Redundancy occurs most often when a roles is no longer necessary or praictial to continue, this could be due to economical changes, restructuring or technological developments.

Commenting further on the impact of the process of redundancy on employees and employers Employment Partner Emma Gross has written an article which features in Business & Accountancy Daily; stating that “the redundancy process has many complexities, and as such, employment tribunals are rife with claims involving redundancy pay and unfair procedures. Employers must navigate the challenging landscape with sensitivity and fairness, recognising the implications for employees.”

The article is available to view online, but sits behind a paywall: Payments in Financial Distress | Business & Accountancy Daily