Hi
We have paid an employee quite a large settlement agreement payment.
It consists of 11500 which incurred tax and Eer NIC, and a 30k tax free ex gratia payment. All went through the payroll.
My question is, how should the 30k be treated in the nominals? The 11500 I will add to payroll journals, but the 30k payment not so?
We have paid an employee quite a large settlement agreement payment.
It consists of 11500 which incurred tax and Eer NIC, and a 30k tax free ex gratia payment. All went through the payroll.
My question is, how should the 30k be treated in the nominals? The 11500 I will add to payroll journals, but the 30k payment not so?