Holiday cash out tax

Question

Hi all.&nbsp; I have a current staff member wanting to "cash out" some of his accrued holiday leave.&nbsp; Approx 100 hours.&nbsp; How do I make sure I tax him correctly on this bulk amount?&nbsp; He will continue working for us. I believe it is called Leave Type C, but would also like to confirm this as well.
Thanks!

deebee9 · Answer

Princess_R​&nbsp; Can you help?

earl_hd · Answer

Hi DeeBee9,Thanks for your detailed post. Cashing out annual leave can come with different tax and compliance, when it comes to a situation like this, we recommend speaking with an accountant or registered tax adviser to give you the correct answer.&nbsp;Regards,Earl

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Holiday cash out tax

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Princess_R Can you help?

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Holiday cash out tax

Princess_R​ Can you help?

Princess_R Can you help?