Introduction to ex gratia payment. An ex gratia payment is presented to an individual by an organization, government, or insurer for damages or claims. Still, it does not need the admittance of liability by the party initiating the payment. An ex gratia payment is viewed as voluntary because the party making the payment is not obligated to compensate the individual.. Last updated on October 6, 2023. "Ex gratia" is a Latin term which translates to "by favour". An ex gratia payment is a voluntary payment made to an individual even though the party making the payment is not obligated to do so. Such payments are generally regarded as a gesture of goodwill to maintain good relations.
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Ex Gratia Payments are voluntary and not legally required, offering flexibility in compensation strategies. While often made as goodwill gestures, such payments can have significant tax implications for both parties. They differ from regular bonuses or compensation, as Ex Gratia Payments are not a matter of contractual right.. Call us: 02033973603. Email us:[email protected]. Redundancy payments and ex gratia payments to employees. In redundancysituations you can receive the following sums as an ex-gratia payment: Statutory redundancy pay; and. Any lump sum compensation payment paid, subject to the £30,000 tax-free limit. To be clear, the £30,000 limit.
