Taxes Consolidation Act 1997 Schedule 3, paragraph 11

Two or more termination payments to be top-sliced

Paragraph 11 of Schedule 3 provided that where two or more termination payments from the same employment that had to be top-sliced were taxable in the same year, they had to be aggregated and treated as a single payment for top-slicing relief purposes.

• Applied where income tax was chargeable under section 123 on two or more termination payments that had to be top-sliced
• The payments had to relate to the same office or employment
• The payments had to fall within the same year of assessment
• The payments were combined into a single aggregate amount for top-slicing relief under paragraph 10