Johnson Murkett & Hurst

• 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. Apparently 6,429,899 people filed online by 31 January 2010 deadline. This number was three quarters of all returns submitted and was an increase of nearly 12% on the 2009 total of 5.8 million..........read more
• 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...........read more
• 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. The plan could be entered into by any individual taxpayer making payments under Self Assessment (whether final payments or payments on account) and by companies, under corporation tax............read more
• 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. Ex students have been in the position whereby it has been difficult for them to avoid over repaying their student loan as the loan term came to an end.............read more
• 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. HMRC have admitted that the changeover to the new system has brought to light some discrepancies in their records............read more
• 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. The government has announced that the deadline........... read more
• 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%. The Consumer Prices Index (CPI) inflation percentage was affected by both the VAT rate returning to 17.5% and higher fuel prices.............read more

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