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Old 29th Sep 2010, 20:15
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nicolai
 
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'ware the taxman on re-engagement in a job

Originally Posted by SkyRocket10
There is also the fact that he walked away with a significant amount of redundancy, which again the company aren't just going to write off.
It would be up to BA whether or not they wanted to leave him with the redundancy payment, but one has to be very careful in such cases about whether the taxman thinks the redundancy was genuine - if the taxman thinks it was not, he is going to want his cut of any payments (Employer NI, employee NI, income tax, etc). Employers are free to give employees whatever remuneration they wish, as long as the taxman gets what he thinks is his share. My personal feeling is that airline Captains with proven experience and success under pressure do not grow on trees and BA may well want to regain his services despite the additional cost. I wish Captain Burkill the best in his job and trust he is receiving good advice on the tax point from professionals.

Last edited by nicolai; 29th Sep 2010 at 20:19. Reason: Embarrassing failure to spell his name correctly!
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