UKFTT 140 (2009) Cornell v HMRC

Employment Income.  Contractual payment - taxable - HMRC won 

Case Summary:

Ms Cornell received a payment on termination of employment. She argued it was not taxable as earnings and was wholly covered by the £30,000 exemption in S403 ITEPA 2003. It was held it was a contractual payment in lieu of notice (PILON) and was taxable as general earnings.