MD Consulting Newswire

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

"Quitters never win, winners never quit. But those who never win and never quit are idiots."

►► Key Dates

22 February 2011 - PAYE and NIC due for the month ended 5th February 2011 (online payments).

19 March 2011 - PAYE and NIC due for the month ended 5th March 2011 (non-electronic payments). Submit Construction Industry Scheme return for the month ended 5th March 2011.

►► Tax Appeals May Be Worth Pursuing

Taxpayers appealing against HMRC decisions or penalties on technical issues or for late or inaccurate filing of VAT returns have a better than 50:50 chance of success, according to recent statistics.

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►►HMRC Denies National Insurance Problem

HM Revenue & Customs (HMRC) has hit back at suggestions that more than £1.3 billion in national insurance contributions (NICs) has been lost.

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►►Tax Experts Offer Help on Underpayment Letters

The Low Incomes Tax Reform Group (LITRG) has issued guidance on what action to take if someone receives a tax calculation letter for the 2007-08 tax year from HM Revenue and Customs (HMRC).

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►►Employers Offered Guidance on Pension Changes

Employers are being offered extra help to get to grips with new responsibilities under workplace pensions reform.

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►►New Parental Leave Plan Unveiled

The government has announced more details of shared parental leave arrangements designed to help families balance work and life commitments.

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