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The PAYE Regulations, SI 2003/2682 regs 91–93 and 96 set out the reporting requirements applying to 'termination awards', as defined in regulation 91(2).

SI 2003/2682 reg 91(2) defines a 'termination award' as an award consisting of payments combined with other benefits, or consisting solely of other benefits:

1. Ìý

   (a)ÌýÌýÌýÌý which were awarded in that tax year in connection with the termination of the employee's employment with the employer, or any change in the duties of, or earnings from, that employment

2. Ìý

   (b)ÌýÌýÌýÌý which when provided (whether in that or a subsequent tax year), would constitute payments and other benefits received to which ITEPA 2003, ss 401–416 (Pt 6 Ch 3) applies, and

3. Ìý

   (c)ÌýÌýÌýÌý the total amount of which is estimated by the employer to exceed £30,000, when aggregated with other payments and other benefits provided or to be provided (whether in that or a subsequent tax year) as provided in ITEPA 2003, s 404(1)

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