Tax Status Of ATC Loss of Licence Payment

jonbo300

Hi all,
I would be grateful if I could ask an additional question.

I previously thought that I and the other air traffic controllers were the insured parties on the loss of licence insurance policy used by my company.

I have just seen a copy of the contract document and it is stated that my company is the insured party.

The risk in the document is stated as “To cover the insured’s employees as detailed under “information” against Permanent Loss of Licence due to accident or illness all as more fully defined in the policy wording.”

Could that make a difference in the taxation of the lump sum by HMRC as I am not the insured party?

I also wondered if I could make HMRC look again at my situation. Could I argue that the payment is being made to me because of the disability caused by the mini-stroke and not because the payment is contractual.

Could I argue that I should not be taxed under Section 62 since the loss of licence payment is not employment income, but income due purely to my disability?

Thanks again