Sections 62 and 401 ITEPA 2003

[## Sections 62 and 401 ITEPA 2003

](https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim12810) and [## Sections 62 and 401 ITEPA 2003

[## Sections 62 and 401 ITEPA 2003

](https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim12810) and](https://www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim13750) explain that compensation for loss of employment by reason of redundancy is always taxable only under Section 401 ITEPA 2003 even if there is a contractual right to it.

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