TWP St George’s Hill squash team is celebrating after a 5-0 win against Exeter Diamonds secured them a much sought after place at the national semi-finals of the Premier Squash League. The Group B team, sponsored by Weybridge-based accountancy firm, TWP, won the game at the Devon team’s home ground, meaning they will now face […]
Weybridge-based accountancy firm, TWP Accounting is urging clients to seek tax advice following the news that thousands of British taxpayers may lose up to £2,500 a year from their net pay, due to a computer error at HM Revenue and Customs. The glitch may see perks such as company cars and private health insurance taxed […]
Weybridge-based firm of accountants, TWP, is advising clients to be cautious of the modest headline changes contained in this years budget. Alistair Darling dubbed his third budget, and his last before the general election, as the ‘budget which would set out a route to long term recovery’ for the country’s weakened economy. Whilst there was […]
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 for the end of the Vehicle […]
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 which have resulted in some incorrect […]
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. This is due […]
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. Financial Secretary to the […]
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 self assessment. Group companies and […]
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. The Retail Prices Index (RPI) inflation which includes housing costs rose to 3.7% […]
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. The email advises the recipient they are due a tax refund and directs them to an online form to provide bank or credit card […]
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