Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Estate administration when losing a loved one
It can often be difficult when a loved one passes, but this can also create a period of significant estate administration regarding their assets and taxes. This can start with understanding their Inheritance Tax position, but can lead to the requirement to file...
Making Tax Digital for Income Tax Self Assessment
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will require sole trade businesses and landlords with qualifying income over a certain threshold to maintain digital records and update HM Revenue & Customs each quarter using compatible software. If...
The Spring Statement Explained
The Government of the United Kingdom has typically held two major fiscal events each year – the Autumn Budget and the Spring Statement – with each updating on the economy’s performance, significant tax changes, fiscal measures and adjustments to allowances. In 2024,...
Payroll changes set to bring higher costs for employers this April
Employers are set to pay significantly more for minimum wage staff from April, as payroll changes take effect.
Spring Statement 2025 – the news behind the headlines
The Spring Statement has passed with no ‘changes to taxes’. While this statement is true, some ‘taxing’ changes have still been announced in the background. Making Tax Digital (MTD) MTD for VAT has been in place for a while and is now fast-approaching for Income Tax...
What can I do to prepare for a tax investigation?
With HMRC significantly ramping up compliance efforts in recent months and future investment into additional staff, the risk of a tax investigation is becoming more of a concern for both individuals and businesses. Proactive measures are key to mitigating that risk....
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...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
