From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

March 2010

New Record for Filing Online Tax Returns

According to HMRC statistics a record number of taxpayers filed their Self Assessment tax returns online this year.

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HMRC Offer Advice on Fraud Emails

HMRC are warning taxpayers to be vigilant as there have been several reports of scam emails offering a tax repayment. Taxpayers should not respond to any email promising a tax repayment.

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Managed Payment Plans

HMRC has announced that they will launch a new method of paying tax liabilities, known as Managed Payment Plans, in April 2011.

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Student Loan Repayments

HMRC have announced a new initiative to reduce student loan over repayments for those ex students who repay their loan through PAYE deductions.

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Tax Codes being issued

HMRC have updated their guidance on the issue of multiple or incorrect PAYE tax codes to some employees following the introduction of their new National Insurance and PAYE computer system.

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Vehicle Scrappage

The Vehicle Scrappage Scheme is a voluntary scheme for motor dealers under which participating dealers give buyers a £2,000 discount off the purchase price of a new car (or certain types of small van) in exchange for scrapping their old qualifying vehicle.

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Inflation

Government figures released show that the inflation rate increased to 3.5% in January 2010 from the previous month’s figure of 2.9%.

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