1 Termination awards: Great Britain
National Insurance Contributions (Termination Awards and Sporting Testimonials) Act 2019 (2019 c 23) | Legislation

Part 1 Termination Awards

1  Termination awards: Great Britain

(1)     Section 10 of the Social Security Contributions and Benefits Act 1992 (Class 1A contributions: benefits in kind etc) is amended as follows.

(2)     After subsection (1) insert—

“(1A)     A Class 1A contribution is payable for a tax year, in accordance with this section, in respect of an earner and the amount of a termination award if and so far as—

(a)     that amount counts as employment income of the earner under section 403 of ITEPA 2003 (charge on termination payments or benefits),

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