Tax Credits and treatment of Compensation payment for relocation of job
Hi can anyone point me to the Regs in relation to how TCO will treat a compensation payment.
I have someone who is being offered circs £1250 due to re-location of jobs.
They have been given 3 options:
1 - take the lump sum payment in a one-off payment
2 - take the offer and spread over 12 months
3 - decline the lump sum and claim expenses throughout the year.
I can see that this does not fall within the normal compensation payouts and wondering if anyone else has had this scenario and how do HMRC treat this?
thanks, very helpful