HMRC undertook a consultation exercise on the taxation of termination payments in July 2015.
Following on from that, HMRC stated last week that it has received a large number of comments on the consultation document, which it is now considering.
A summary of the responses and a consultation on the draft legislation will be published by HMRC later in 2016.
Caroline Harwood, Burges Salmon's Director, Incentives, said: “Since Burges Salmon's Incentives team and Employment Law team together provided one of the responses to the consultation, we look forward to the outcome with particular interest.”