UK Treatment of redundancy costs


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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
 
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bklynboy

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I assume you mean when are severance benefits accrued. It would 2019 which is when they are notified.
 

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