This year CW Fellowes took part in The News eighth annual Business Excellence Awards, by sponsoring one of the categories, Business Personality of the Year, the purpose of this award was to recognise a man or woman who demonstrated inspired leadership.

The winner was Stella Mbubaegbu of Highbury College, who received her award from Geoff Collis, Director of CW Fellowes.

Those driving the most expensive company cars will face steep tax increases from 6 April 2011. The current rules place a cap of £80,000 on a car's list price which is used as the basis for calculating the car benefit charge. This cap will be removed from 6 April 2011. So let us suppose that a company director drives an AMG S Class Mercedes Saloon with a list price of just over £153,000. The taxable benefit of such a car will rise from £28,000 to a breathtaking £53,550 from 6 April next year.

According to HMRC statistics a record number of taxpayers filed their Self Assessment tax returns online this year.

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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.

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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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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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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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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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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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