Press Room

A selection of Press Releases can be found detailed below:

March 2010
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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March 2010
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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March 2010
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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March 2010
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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Question – did those year end accounts improve your business in any way other than ensuring you met the statutory filing deadlines to avoid a penalty?

Answer – probably not! - But wouldn’t it be even better to let us help you in the following areas where we have developed structured advice sessions:

Click on the A4G logo for more information

 

February 2010
HMRC New Scam Emails

HMRC have issued a warning about a new scam email which is being sent from ‘HMRC Online Services – test@test.com’ stating that the recipient has one new ALERT message and should log onto their Online Account to read the message.

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February 2010
Tax Codes Being Issued

HMRC are advising employees that between January and March 2010 they will be issuing new PAYE coding for 2010/11. The tax codes should reflect the individual’s personal circumstances and include the tax allowances and reliefs that individuals are entitled to.

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February 2010
Statutory Payments

The new Statutory Payment Rates for 2010/11 have been announced.

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February 2010
Using Your Own Car For Work

HMRC have updated their guidance on using your own vehicle for work. The guidance needs to be read in conjunction with the mileage rates which for those using their own car for work purposes are unchanged at 40 pence a mile for the first 10,000 miles dropping to 25 pence a mile thereafter.

Internet links: HMRC factsheet mileage and HMRC mileage rates

 

February 2010
Tax Payments

For those making tax and national insurance payments, HMRC are reminding that their bank details changed last year.  To confirm that you are making payment to the correct bank account please visit the link below.

Internet link: HMRC bank details

 

Question – did those year end accounts improve your business in any way other than ensuring you met the statutory filing deadlines to avoid a penalty?

Answer – probably not! - But wouldn’t it be even better to let us help you in the following areas where we have developed structured advice sessions:

Click on the A4G logo for more information

 

January 2010
Extra National Insurance Burden Ahead

One of the significant announcements in the Pre-Budget Report last month was a further increase in national insurance contributions (NIC) which is to take effect from 6 April 2011.

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January 2010
Special Annual Allowance Charge – New Limits For 2009/10

In the Pre-Budget Report last month, changes were announced to the complex rules for the Special Annual Allowance (SAA) charge which affects those with substantial income who make significant pension contributions. The current rate of the SAA charge is 20% on excess pension contributions. The aim of the charge is to discourage individuals from making significantly higher pension contributions in anticipation of the removal of higher rate tax relief which will occur in 2011.

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January 2010
Changes To The Advisory Fuel Rates From 1 December 2009

To reflect the increase in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars. These take effect for all journeys undertaken from 1 December, so employers using the advisory rates should advise affected employees and update any expense forms as soon as possible.

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January 2010
HMRC Warn Of More Scam Emails

As the new year gets underway, HMRC are reminding taxpayers to be vigilant as scam emails have been reported. For details of their latest guidance on scam emails, more information on this and other scams together with a copy of the latest example visit the links below.

Internet links: HMRC guidance and Latest example

 

January 2010
Tax Relief On Nursery Vouchers

Gordon Brown has revised his proposal to withdraw the income tax and NI exemption on employer-provided childcare vouchers.

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Question – did those year end accounts improve your business in any way other than ensuring you met the statutory filing deadlines to avoid a penalty?

Answer – probably not! - But wouldn’t it be even better to let us help you in the following areas where we have developed structured advice sessions:

Click on the A4G logo for more information