Published: 01/05/2018 By Hannah McCormackTrivia
The paper five pound notes withdrawn from circulation in May 2017 featured which historical figure on the reverse?
Tribunal decisions (Tottenham Hotspur 2 HMR&C 0)
In The Commissioners for HM Revenue and Customs v Tottenham Hotspur Limited: HMRC’s appeal against an earlier decision regarding the distinction between payments, in respect of lump sum payments made to Wilson Palacios and Peter Crouch for early termination of their contracts, was rejected.
The conclusion pointedly stated that ‘In our view, the authorities show that the relevant distinction is between cases where the entire contract of employment is abrogated in exchange for the termination payment.’
The conclusion showed the importance of the wording of the employment contract, the actions taken by all parties and also that the contract needs to be considered in full. The summary highlights that if HMRC were right that any contractual provision allowing early consensual agreement for a termination is sufficient to make the termination payment made under the resulting agreement “from an employment”, that would cover almost every termination payment agreed in respect of a fixed-term contact, because there is nearly always going to be an express or implied right to agree an early termination [HMR&C v Tottenham Hotspur Limited (2017) UKUT 0453 (TCC)]
Ryan Russell runs a marathon for CALM
Ryan, one of our insolvency managers ran this year’s Brighton Marathon on 15th April in support of The Campaign Against Living Miserably (CALM). He completed the marathon in the commendable time of 3:53:07.
CALM is an award-wining charity dedicated to preventing male suicide. For more information please click Ryan’s page here
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