If, after the beginning of the fiscal year, the employer may be required to declare certain positions separately. If PPE is approved before April 6, employers must report on a P11D the expenses/benefits provided before the date of the agreement. The tax position of termination packages is complex, so this answer offers only a summary. The nature of the event that leads to the termination of the employment relationship is another factor that can further complicate the tax situation. . . .