MD Consulting
  February Newswire

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

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►► QUOTE OF THE MONTH

"You don't have to be mad to work here, but you do have to be on time, well presented, a team player, customer service focused and sober!!"

►► 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.

►►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.

►► Employment Rights - Statutory Limits

The limit on the amount of the compensatory award for unfair dismissal is set to decrease from 1 February 2010. The current maximum of £66,200 is to reduce to £65,300, due to the decrease in the retail prices index measure of inflation. This new limit applies where the event giving rise to the entitlement to the payment arose on or after 1 February 2010.

►►Dispensations - New Online Application Form

HMRC have introduced the facility to apply for dispensations online.

►►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.

►►Statutory Payments

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

►►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.

►►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.

St Mary's Court, The Broadway, Old Amersham, Bucks, HP7 0UT

t: 01494 772765 || f: 01494 582020

Company Registered in England (Reg. No. 04021161)

Registered Address:
Chess Chambers, 2 Broadway Court,
Chesham, Bucks HP5 1EG

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