The repayment by an employee of a proportion of a taxable signing bonus under his employment contract following resignation gave rise to negative taxable earnings, on which employment loss relief could be claimed against general income.

Summary

The repayment by an employee of a proportion of a taxable signing bonus under his employment contract following resignation gave rise to negative taxable earnings, on which employment loss relief could be claimed against his general income.

Background

An employee (M) entered into a new employment contract with his employer (JLT), which