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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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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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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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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The Tax Health Plan (THP)

HMRC have obtained information from various sources, including NHS trusts, private hospitals and medical insurers and are introducing the THP as an opportunity for medical professionals with tax to pay to get their affairs up to date with the benefit of a fixed penalty.

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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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