Re: directors severance pay


David wrote:


Income tax etc offficialdom aren't going to be amused at all at the
£50K 'severance pay' - even if it had been definitely severance from
office and had been fully agreed and likely to be legit., AFAIK the
first £30K only *might* possibly have been able to be regarded as
'genuine' severance but the other £20K should at the very least have
gone through the normal PAYE company payroll.

Which would be a further reason to make a complaint to the police and
obtain a 'crime number' (even if the police do nothing about it) as
well as attempt recovery by placing it with a debt collector. The
amount could then be written off as a loss due to theft, and
unfavourable Revenue action possibly averted.

.

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