Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Property income reporting
We are seeing a high number of HMRC ‘nudge’ letters being issued, suggesting that rental income from property has not been correctly reported. HMRC are obviously getting this information from somewhere as many of the approaches made to us have been from landlords...
Deadline for registering with Trust Registration Service (TRS)
Following changes made to the UK’s anti money laundering laws and implementation of the Fifth Money Laundering Directive, all express trusts must now register with HMRC’s Trust Registration Service (TRS). An express trust is a trust that has been deliberately created....
Our charity partnership with the Motor Neurone Disease Association comes to a close
July 2022 marks the start of a new financial year which means that as 2021/22 comes to a close, regretfully, so does our charity partnership with the Motor Neurone Disease Association. There were some very personal reasons why this charity was nominated for selection...
Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA)
Draft legislation for Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been issued by HMRC. From April 2024, individuals with a turnover of £10,000 or more from self-employment or property income will be required to make quarterly submissions with a...
The Conservative Leadership Race – who’s saying what about taxes
The Conservative Leadership Race is hotting up as the eight MPs who have made it through to the next stage of the race to replace Boris Johnson have been revealed. With our accountant hats on, we're most interested in what the candidates are saying about finances and...
Considering buying or selling a business? 11 key considerations
During the pandemic, we’ve received an increased number of enquiries from people wanting to buy or sell businesses, therefore, we have produced this guide which covers some of the key considerations for those buying or selling a business. A recent article by PWC...
Race4Business 2022
On 29th June 2022, the 23rd Race4Business was held in Chelmsford, Essex to raise funds for Havens Hospices. The race covers a distance of 3.5 miles and goes through some of the City's most beautiful parks, finishing at the event village at Central Park which had food...
R&D tax benefits for innovative companies
The lowdown on this relief for innovation.
Runners-up in Essex Agricultural Society Quiz
On Friday 22 April 2022, Lambert Chapman LLP entered into a Quiz Night, held at Wickham Bishops Village Hall, which was organised by the Essex Agricultural Society. The team – named Don Pablo’s Animals - was made up of: Richard Hamilton, Mike Carabine, Lucy Orrow,...
Stamp Duty Land Tax (SDLT) Refund of Overpayment
Our previous Stamp Duty Land Tax (SDLT) article of 12 June 2020 discussed an extension to the exceptional circumstances rule, where a sale of a previous home had taken longer than 3 years to complete. This would normally restrict the ability to claim a refund of the...
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The latest tax, employment, business and economic news affecting businesses and individuals alike.
