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Ex Gratia Payments are payments paid voluntarily usually to an individual. They are often referred to as a goodwill gesture as the organisation making the payment has no obligation to make the payment.
Often but not always Ex Gratia Payments are not taxed.
Damion Viney has been supporting business owners to make a success of their ventures since 2011 when he set up Co-. Blogs cover all aspects of business development. He is co-author of Improving the Numbers.