Firm News

A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.

Finalising end of year Financial Statements

During my years of dealing with related businesses (majority being group companies) the concluding meeting point on finalising the end of year financial statements is sometimes ‘what management charges should we apply?’ To have this as a final adjustment within the...

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Reverse charge VAT for the Construction Industry

As if Making Tax Digital for VAT has not been enough of an upheaval for business registered for VAT, for businesses in the construction industry, another major change comes into force on 1 October 2019. Introducing reverse charge VAT for the Construction Industry HMRC...

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Raising the Higher-Rate Tax Threshold to £80k

In the Tory leadership contest, Boris came out with a proposal to raise the Basic Rate Tax threshold to £80,000 (currently it is £50,000). This seemed like an outrageous and impractical proposition. At the time, some commentators saw it as an example of dead cat...

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The latest tax, employment, business and economic news affecting businesses and individuals alike.