Who is at risk of a tax investigation?
Anyone can face a tax investigation. Whether you are a freelancer, a business owner, landlord or a professional filing a self-assessment tax return. HMRC conducts thousands of investigations each year and even with accurate records and no wrongdoing, you could still...
Why we recommend tax investigation protection for our clients
Tax investigations can happen to anyone – whether you are an individual or in business – however good your records are. HMRC regularly undertake random enquiries as a means of policing the system. With a large deficit to fill and investment by the new government over...
Furnished holiday let property changes
In the Spring Budget 2024, the Conservative Government announced changes to the Furnished Holiday Let (FHL) regime from 6 April 2025. We posted an update at the time (please see: Furnished holiday let property changes | Lambert Chapman). This provided a summary of...
Update on the abolition of the non-domiciled regime
Back in March 2024, the Conservative Government announced sweeping changes and the removal of the current tax treatment for non-domiciled individuals in the UK. Following the Labour Government Budget in the Autumn of 2024 and subsequent legislation issued earlier...
Pre Year End Tax Planning For Individuals 2025
As the current tax year is heading to a close, we like to consider the tax planning points that you can consider.