HMRC have recently announced a number of steps to improve transparency in the repayment agent market in order to protect taxpayers. This has come as a result of repayment agents who have not been clear about their terms and conditions, which led taxpayers to not...
Previously when couples separated, they had until the end of the tax year to transfer assets between them, in order to benefit from spousal exemption for capital gains tax purposes. This could and did put significant pressure on both parties to potentially make quick...
Generally, Corporation Tax rates have been falling for many years. The main Corporation Tax rate was over 50% in the 1970s, before reduction to the mid 30% during the 1980s, before falling further to 30% in the early 2000 and down to 20% in 2015 before reducing to...
Surplus cash is the excess a company has which is not required for day-to-day operations or for future expenditure. If a company is profitable, over time it may find that surplus cash reserves have built up. Assessing how much surplus cash the business has will often...
On Thursday 16 March 2023, Lambert Chapman LLP attended a Charity Quiz Night, held at the Essex County Cricket Ground, which was organised by Tees Law to raise funds for the Better Future Fund. The team was made up of: Paul Short, Richard Hamilton, Mike Carabine, Lucy...
Boring Budget or what was the point Budget? The question really has to be what was the intention of the Budget as I can’t really say I know… Most businesses have a staff shortage issue at the moment and a sensible solution is to extend free childcare funding,...
