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If you bump into a car that is not taxed do you have to pay?

whether it is taxed or not you have to pay the damages.


Who pays redundancy pay?

The employer.


Do individuals get taxed on the amount of their net pay?

No you do not get taxed on your net take home pay.


How is vacation pay taxed?

Vacation pay is generally taxed as regular income by the government. When you receive vacation pay, it is added to your total income for the year and taxed accordingly.


What is meant by the term redundancy pay?

Redundancy pay is similar to unemployment pay in the United States; it is payments to a former employee usually from the governement to help someone who had lost their job.


Where can one calculate his or her statutory redundancy pay?

Statutory redundancy pay is based on the weekly pay, years at the job and age of the employee. To calculate the payment amount you can go to the UK Gov website.


Do employers have to pay redundancy to employees?

Yes, employers are generally required to pay redundancy to employees in certain situations, such as when a job is eliminated or a company downsizes. Redundancy pay is typically based on the employee's length of service and is intended to provide financial support during the transition period.


You might get taxed on your severance pay but what is taxed with a severance tax?

Anything mined


Is redundancy pay taxable?

Yes, redundancy pay is part of your income and is therefore taxable. Of course, if you have been declared redundant, your next year's income will probably be lower, and hence you will pay less income tax.


What does the term redundancy insurance refer to?

Redundancy insurance is known as accident, sickness, unemployment insurance. Redundancy insurance is designed to pay you monthly benefits if you lose your income from accidental and sickness.


Is vacation pay taxed at a higher rate than regular income?

Vacation pay is typically taxed at the same rate as regular income.


Do you have to pay taxes on a student grant?

No, they are not taxed.