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Home/Legislation/Termination Payments Tax (Assessment and Collection) Act 1997/5

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Termination Payments Tax (Assessment and Collection) Act 1997

5Object of Act

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#### 5 Object of Act The object of this Act is to provide for the assessment and collection of the termination payments surcharge. The surcharge is payable on payments of kinds commonly known as golden handshakes that are made to high‑income taxpayers in consequence of the termination of their employment.

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Section 5 - Termination Payments Tax (Assessment and Collection) Act 1997 - Object of Act — Zoe