Accounting for Severance Payments in Local Government

01/04/2015

The purpose of this guidance is to aid Local Government Finance Officers’ understanding of the accounting treatment of Reform related severance payments, to both employees and councillors, in line with departmental guidance and relevant legislation. While this guidance details the required accounting treatment for compliance with the Code of Practice on Local Authority Accounting (the Code), please note it does not seek to amend or add to existing guidance in respect of the interpretation and application of the severance schemes themselves.

Guidance_on_Accounting_for_Severance_Payments_Final

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