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Rudolf the tax-free reindeer
Bored this Christmas? Then why not try the Christmas quiz helpfully provided by law firm Ashurst’s email newsletter Employment News, forwarded to us by an ‘avid reader’ who presumably really wanted to complete the questions, but didn’t have the time in his busy, Backbytes-reading day.
We’re not going to spoil it by giving you all the questions, but we will leave you with a taste of what may be the worst Christmas quiz we have ever seen. Unless, of course, you know differently, and want to send us any naff quizzes you’ve seen recently.
1. Santa wants to put Rudolf out to grass and considers paying him £30,000 in lieu of his notice period. Will the PILON be tax-free?
a) Yes, provided there is no right to make a PILON in the employment contract and Santa is not in the habit of making PILONS;
b) No, all PILONs are taxable;
c) Yes, all PILONs can be made tax-free.
A warning for the squeamish: a subsequent question deals with the sexual harassment of elves.
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