Prepare a note that discusses the taxation of various benefits provided to the employees when their employment contract is terminated.

Advanced personal taxation Details of other income From the information Billy provides, you establish that he had the following other income for 2018/19: Bank interest received of £75 from Halifax savings account; NS&I bank interest received of £27; Employment income (Billy is an occasional employee of an outdoor catering company) of £11,690. From this, PAYE […]

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