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

Act Now! Form P11D – Tax on Company Benefits

P11D – Employers return of Directors / Employee’s Expenses and Benefits in Kind It is time to prepare the Forms P11D and P11D(b) for the 2018/19 tax year. The forms are the employer’s responsibility. They are required for directors or employees who are provided with...

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Another example of Hubris and Nemesis?

A couple of recent events reminded me of two old friends of my misspent youth studying Greek. The Greeks are a pessimistic lot. If someone displayed Hubris, i.e. an over-weaning pride and arrogance, then they were asking to excite the jealousy and wroth of the Gods...

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Self-Assessment Penalty Delays

HMRC have recently advised that they have delayed issuing penalty notices to taxpayers who failed to file their 2018 Self-Assessment Tax Returns by the 31 January 2019 deadline. Their reason?  – to free up call-centre staff for Brexit queries. Please note that...

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Entrepreneurs’ Relief – the new rules

In the 2018 Autumn Budget, the Chancellor announced some changes to the Entrepreneurs’ Relief rules, which would have affected companies with alphabet shares or different classes of shares. However, following consultation with professional bodies, the Government have...

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Helping your Children onto the Property Ladder

4 Options Available: Giving a gift of cash Buying a property together Setting up a trust Buying through a company Giving a Gift of Cash You can make a gift to your child which if unconditional, is free from tax at the point of transfer. This will allow your child to...

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Top Tips for Cutting Inheritance Tax (IHT)

With property values going up and more ways to save tax efficiently, the value of Estates continue to grow. Lambert Chapman’s top tips for cutting Inheritance Tax (IHT) are: Make Tax Exempt Gifts Pay £250 to anyone under the Small Gifts Exemption and Up to £3,000 in...

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Loan Charges on Employee Benefit Trusts

Have you or your Employer set up or been involved with an Employee Benefit Trust? Are you aware that the new Loan Charge comes into effect shortly? This charge is due where the employment related Trust has made a loan to an individual at any time after April 1999. ...

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A Client Testimonial to Shout About

In an era where we are told that obtaining testimonials from clients is important so that we can share them on our websites and social media, it is very satisfying to receive one which has not actually been requested from a grateful client. Such an event happened to...

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