22 Payments on termination of employment
Finance Act 2021 (2021 c 26) | Legislation

22  Payments on termination of employment

(1)     Section 27 of ITEPA 2003 (UK-based earnings for year when employee not resident in UK) is amended in accordance with subsections (2) to (5).

(2)     In subsection (1)—

(a)     omit the “or” at the end of paragraph (a), and

(b)     at the end of paragraph (b) insert “, or

(c)     general earnings to which section 402B (termination payments, and other benefits, that cannot benefit from the section 403 threshold, to be treated as earnings) applies.”

(3)     In subsection (2), for “(1)” substitute “(1)(a) or (b)”.

(4)     After subsection (2) insert—

“(2A)     The percentage of the general earnings within subsection (1)(c)

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