Welcome to the Glazers September Newswire

Continuing our series of useful resources and tools that can be found on the Glazers web site, this month's web page is our Loan Repayment Calculator - click here.

To get to it from our home page www.glazers.co.uk, take the following path. Online tools - resource centre - tax calculators - loan repayment calculator.

How to use it - enter the loan amount, the APR (annual percentage rate) and the period of the loan into the on-screen boxes, and hit the 'submit' button. There is also a nominal interest rate / APR two-way converter on this page, so if you only have the nominal interest rate, you can find out the APR to enter into the APR box. You can also use the calculator to find out how much you can borrow at a particular APR on a fixed monthly budget, by using trial and error until you arrive at the required monthly repayment amount and the required period of the loan.

If you need further help, please contact any of our partners or our financial services director David Higgins by email or on 020 8458 7427

Now that the summer is behind us, it's time to let us have your tax return information if you haven’t already done this.

There are a number of good reasons to do this now...

• The VAT rate goes up in January, so you can save money if we complete everything now.
• We'll have everything before the busiest months, so we'll get it back to you more quickly.
• You'll have longer notice of any tax you have to pay, so you can plan ahead.
• If you're due a repayment of tax, you'll get it sooner.
• If your tax liability is less than last year's, we can make sure you don't overpay on account for next year.
• You'll get it out of the way now, and won’t have to think about it any more!

HM Revenue & Customs has been hit by fresh controversy after it emerged that nearly six million people in the UK have paid the wrong amount of tax due to the introduction of a new system to manage PAYE codes.

Click here to view article.

Employers are reminded that new national minimum wage rates (NMW) will come into force from 1 October.

Click here to view article.

Private and fleet buyers in the UK are to be offered up to £5,000 as an incentive to buy greener cars in a government scheme launching at the start of next year.

Click here to view article.

HM Revenue & Customs (HMRC) has issued new guidance on correcting VAT errors.

Click here to view article.

Employers will be able to access more HM Revenue & Customs (HMRC) advice and guidance online and via downloads as HMRC works to reduce the amount of information it posts out.

Click here to view article.

The government has launched a consultation on the tax rules for furnished holiday lettings.

Click here to view article.

HM Revenue & Customs (HMRC) is warning taxpayers to be vigilant following reports that thieves are making phone calls pretending to be the taxman.

Click here to view article.

Debt collection agencies will be used by HM Revenue & Customs (HMRC) during 2010-11 to collect an additional £140m of tax debt.

Click here to view article.

You can find all our recent tax and business articles by clicking on the following links:

Tax - www.glazers.co.uk/tax_news.htm
Business - www.glazers.co.uk/business_news.htm