A client company has made a payment of €40,000 (termination payment) to the estate of an office holder who died in service. The beneficiary is the owner of the client company.
The following questions arise: a) Does the payment qualify as an exempt payment under Section 201(2) TCA 1997? b) Do we need to send a letter to the tax office supplying the details or can we do it under My Enquiries. Also we are outside the 46 day time limit, does this cause any issues.