UK Treatment of redundancy costs

Joined
Sep 16, 2019
Messages
1
Reaction score
0
Country
United Kingdom
The company I work for may have to make a couple of redundancies shortly. If the affected people decide to take redundancy on 12th October, and they have to work their three month notice (meaning they leave on 11th January 2020), in which year would you account for the costs of redundancy? 2019 or 2020?

Thanks in advance
 

bklynboy

VIP Member
Joined
Oct 12, 2011
Messages
595
Reaction score
112
Country
United States
I assume you mean when are severance benefits accrued. It would 2019 which is when they are notified.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top