AAT Comment: What bookkeepers need to know about new termination payments

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AAT_Team Administrator Posts: 453 🤖 Admin 🤖

February 2018 edited June 18 in Bookkeeper community

Finance (No 2) Act 2017 introduced, among other things, new rules when calculating payment in lieu of notice (PILON) for termination payments.

The new rules apply from 6 April 2018 and aim to remove the uncertainty in the treatment of contractual and non-contractual PILON.

Full article.

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  reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️

  February 2018

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  Great article. Example at the end was very helpful. It's good that finally there's going to be more clarity on the payment of damages/breach of contract.

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