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February 2013 URN 13/657 Insolvency Service Redundancy Payments Service Fact Sheet for Employees made redundant by an insolvent employer For issue with RP1 form When an employer becomes insolvent
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What is redundancy pay?
Redundancy pay is a payment made to employees who have been laid off due to organizational reasons.
Who is required to file redundancy pay?
Employers are required to file redundancy pay for eligible employees.
How to fill out redundancy pay?
Employers can fill out redundancy pay forms provided by the relevant labor authority.
What is the purpose of redundancy pay?
The purpose of redundancy pay is to provide financial support to employees who have lost their jobs due to no fault of their own.
What information must be reported on redundancy pay?
Information such as employee details, length of service, and the amount of redundancy payment must be reported on redundancy pay forms.
When is the deadline to file redundancy pay in 2023?
The deadline to file redundancy pay in 2023 is typically within a certain number of days after the termination of employment.
What is the penalty for the late filing of redundancy pay?
The penalty for late filing of redundancy pay may vary depending on the labor laws of the specific jurisdiction, but it could include fines or legal actions against the employer.
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