Description
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In this episode, tax experts Rachel de Souza and Andrew Robins discuss whether tax is due on compensation payments received to remedy a past wrong. The recent Post Office IT Horizon scandal showcases that the answer may not be what you think. They explore how HMRC views compensation, why that matters and share some thoughts on what the tax treatment might be should you find yourself in this situation.
Listen in and let us know what you think in the comments.
Tax in 10 is our series of regular 10-minute podcast bites for the private client world, featuring Rachel de Souza and Andrew Robins, Private Client Partners at RSM UK.
You can contact Rachel and Andrew here – rachel.desouza@rsmuk.com or andrew.robins@rsmuk.com
