EIM68225 - Tax treatment of Post
Office employees: sub-postmasters: payments on termination of
office
EIM68220 listed the main terminal
payments made to sub-postmasters.
-
Surplus payments: these payments are earnings
within Section 62 ITEPA 2003 and should be treated as follows:
- as earnings for the final year where the
remuneration is assessed as employment income, or
- as trading receipts of the final period of account
where the remuneration is included with the trading receipts
assessed as Trading Income.
As regards the treatment of cash deficiencies, see
EIM68210.
For the treatment of closure payments see
EIM68228.
